Paul, an out-of-work coal miner in the Appalachian Mountains, has recently quit looking for work after having tried for two years. Since he was already included as an unemployed worker, Bureau of Labor Statistics (BLS) unemployment statistics will be unaffected by his decision
Indicate whether the statement is true or false
F
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An appreciation of the Mexican peso relative to the U.S. dollar would ________ Mexican firms that are exporting goods to the United States and would ________ Mexican firms that have borrowed in U.S. dollars
A) help; help B) help; hurt C) hurt; help D) hurt; hurt
A mixed economy blends private and public elements
a. True b. False Indicate whether the statement is true or false
In a properly functioning economy, money costs approximate opportunity costs
a. True b. False Indicate whether the statement is true or false
The Lojack car recovery system allows the police to track stolen cars. As a result, they not only recover 90% of Lojack-equipped cars that are stolen but also arrest many auto thieves and shut down many "chop shops" that take apart stolen vehicles to get at their used parts. Thus, Lojack provides both private benefits and positive externalities. If the government were to subsidize Lojack purchases, this would...