Which one of the following is most likely to reduce the mobility of labor between jobs?
a. an increase in the minimum wage
b. legislation relaxing licensing requirements for entry into many occupations
c. the taxation of unemployment compensation in the same manner as income from other sources
d. both b and c above
A
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Arguments against the balanced budget amendment include all of the following EXCEPT
A) a balanced budget amendment would turn control of the federal budget over to the Judicial Branch. B) a balanced budget amendment would induce Congress to issue more mandates to states to increase spending. C) a balanced budget amendment would reduce the taxation burden on future generations. D) a balanced budget amendment would limit Congress from using fiscal policy during a recession.
Which of the following is NOT true about the aggregate demand curve?
A) The production possibilities curve determines the slope of the aggregate demand curve. B) The aggregate demand curve shows total planned real expenditures at different price levels. C) Changes in the economic conditions in other countries will lead to a shift of the aggregate demand curve. D) The aggregate demand curve considers the entire circular flow of income.
In most cases, the higher is the quality of the collateral for a loan is
A) the higher is the interest rate. B) the lower is the interest rate. C) the riskier is the loan. D) the greater is the handling charge for the loan.
The interest rate at which banks borrow excess reserves from each other is known as the
a. prime rate. b. federal funds rate. c. discount rate. d. T-bill rate.