When the euro falls in value relative to other currencies, then
A) goods imported into Europe rise in price.
B) European exports rise in price.
C) neither European exports nor imports rise in price.
D) both European exports and imports rise in price.
A
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How do taxation and user charges compare as government revenue sources?
A) Each generates about the same amount of government revenue. B) Revenues from taxation are much greater than revenues from user charges. C) User charges generate much more revenue than do taxes. D) We don't know because the government does not publish revenue figures broken down.
If the production of a particular good involves significant external benefits, to force the externality to be internalized the government might:
a. impose a tax on production of the good in order to increase production. b. impose a tax on production of the good in order to decrease production. c. offer a subsidy for production of the good in order to increase production. d. offer a subsidy for production of the good in order to decrease production.
Choices that do not exhaust the consumer's budget lie to the ______ of the budget line.
A. southwest B. northeast C. northwest D. southeast
Cyclical unemployment arises when
A. unskilled or low-skilled workers find it difficult to obtain desirable, long-term jobs. B. output and employment are below full-employment levels. C. labor must be reallocated from industries that are shrinking to areas that are growing. D. workers must search for suitable jobs and firms must search for suitable workers.