We would expect that policies to protect workers would:
A. have no impact on unemployment.
B. lead to less unemployment.
C. lead to greater unemployment.
D. affect those seasonally unemployed more profoundly than other unemployed workers.
Answer: C
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To maximize its profit, a single-price monopoly produces the amount of output so that its marginal revenue
A) equals zero. B) equals its marginal cost. C) exceeds its marginal cost but not necessarily by as much as possible. D) is less than its marginal cost. E) exceeds its marginal cost by as much as possible.
A sharp movement in exchange rates can most likely lead to dramatic changes in profits and losses for which of the following?
a. an international travel agency b. a provider of domestic services c. a local bank d. a microbrewery
Equilibrium is the point where total spending equals total output, or GDP
a. True b. False Indicate whether the statement is true or false
One of the reasons that expansionary monetary policy was not as effective as expected in recent years is that banks:
A. purchased Treasures with the reserves that the Fed added to their accounts. B. loaned reserves that the Fed added to banks. C. returned reserves that the Fed added to banks. D. held onto the reserves that the Fed added to banks.