Macland’s government passed a law that requires businesses to give a year’s notice to any worker they want to fire and then to pay unemployment benefits for 6 months at the fired worker’s full salary. What will be the effect on the unemployment rate?
a. It will decrease as employers hire fewer workers.
b. It will decrease as more people are willing to work.
c. It will increase as employers hire fewer workers.
d. It will have no effect on the unemployment rate.
c. It will increase as employers hire fewer workers.
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A large increase in the legal minimum wage is most likely to benefit
A) teenagers. B) unemployed workers. C) unionized workers. D) unskilled workers. E) none of the above because price-fixing hurts everyone.
William was asked to contribute money for a retirement home. He agreed to contribute only if his name appeared on the list of donators in the newsletter published by the home every year. This is an example of ________
A) rationalism B) liberalism C) impure altruism D) pure altruism
What are the differences and similarities between a depreciation and devaluation of a currency?
What will be an ideal response?
Which of the following items is most likely to be an implicit cost of production?
a. the "competitive rate" salary the owner of the business pays herself for services provided b. property taxes on a building owned by the firm c. rental payments for a building utilized by the company and rented from another party d. the interest income foregone on the equity capital invested by owners