The turnover view of unemployment stresses that
A) most job vacancies have skill requirements not possessed by the unemployed.
B) many job vacancies are located in different areas of the country than are the unemployed.
C) there exist incentives for workers to refuse to accept jobs.
D) there exists racial/and or sex discrimination against some workers.
C
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The above table shows the marginal benefit from submarines for the only two citizens of a country. Submarines are a public good. If submarines cost $300 a piece, what is the efficient quantity to produce?
A) 0 B) 1 C) 2 D) 3
A player's best response is
A) the strategy that maximizes his payoff given what he thinks the other player will do. B) a dominant strategy. C) impossible to find when there isn't a Nash equilibrium. D) a way to avoid the prisoners' dilemma.
The currency of the European Union, the euro, was established as part of the Bretton Woods agreements
a. True b. False Indicate whether the statement is true or false
In theory, liability rules for pollution are designed to have the same effect as taxing a polluter.
Answer the following statement true (T) or false (F)