Workers who suffer disability are likely to suffer higher ________
A) cyclical unemployment
B) tertiary unemployment
C) structural unemployment
D) natural unemployment
C
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What is the difference between diminishing marginal returns and diseconomies of scale?
What will be an ideal response?
The total burden of a tax equals tax collections minus excess burdens
a. True b. False Indicate whether the statement is true or false
Thomas, a U.S. citizen, works only in Canada. The value of the output he produces is
a. included in both U.S. GDP and U.S. GNP. b. included in U.S. GDP, but it is not included in U.S. GNP. c. included in U.S. GNP, but it is not included in U.S. GDP. d. included in neither U.S. GDP nor U.S. GNP.
Suppose the price of one euro is fixed at $1.00. A Dutch oil company discovers new oil reserves in the North Sea and offers the oil for sale. What is the impact on the foreign exchange market?
a. The dollar price of euros decreases from $1.50 to $1.00.
b. Decreasing demand for European goods shifts D2 to D1.
c. U.S. consumers demand more European goods shifting D1 to D2.
d. The quantity of euros demanded changes from Q2 to Q1.