Countries in which the government does not regulate the labor market are likely to have ________ sacrifice ratio
A) an infinite
B) a high
C) a low
D) a negative
C
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Data shows that United States college students purchase more e-books than German college students. Assuming that all students have identical preferences for e-books and textbooks, what is the likely explanation for this result?
A) Taxes on textbooks are higher in the United States than taxes on textbooks in Germany. B) Taxes on textbooks are lower in the United States than taxes on textbooks in Germany. C) The price of textbooks is cheaper in the United States than textbooks in Germany. D) Both A and C.
Which of the following events would cause an upward movement along the demand curve for olives? a. The number of people who purchase olives decreases
b. Consumer income decreases, and olives are a normal good. c. The price of pickles decreases, and pickles are a substitute for olives. d. The price of olives rises.
A general mismatch between the skills of unemployed workers and the skills needed by employers with job openings results in
a. frictional unemployment. b. structural unemployment. c. cyclical unemployment. d. a higher labor force participation rate.
One drawback to industrial policy is that
a. technology spillovers are too expensive to control. b. measuring the size of spillovers from different markets is difficult. c. spillovers often occur in industries that produce undesirable products for society. d. positive side effects are often outweighed by negative side effects.