Full employment is not considered to be zero unemployment, because
A) some people do not want a job.
B) people do not find jobs instantaneously.
C) some cyclical unemployment always exists.
D) there are not enough jobs for everyone who wants one.
B
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Three methods the government can use to cope with the external cost from pollution are
A) pollution taxes, subsidies, and outright bans. B) pollution taxes, regulations, and subsidies. C) marketable permits, pollution subsidies, and pollution taxes. D) pollution charges, marketable permits, and pollution limits. E) vouchers, pollution subsidies, and pollution taxes.
If an increase in one variable causes a decrease in another variable, this is
A) a direct relationship. B) a dependent relationship. C) an independent relationship. D) an inverse relationship.
A profit-maximizing, single-price monopoly must lower its price in order to sell more output
a. True b. False
A situation in which output decreases while prices increase is often referred to as:
A. inflation. B. negative economic growth. C. a recession. D. stagflation.