The United States placed a limit on the amount of cars that can be imported into the United States. This is an example of
A. a tariff.
B. a quota.
C. an export subsidy.
D. dumping.
Answer: B
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According to the scenario above, in which of the following groups are all the people frictionally unemployed?
A) Rita and Darrelo B) Chris, Rita, and Thorton C) Rita and Jung D) Darrelo and Jung E) Jung
Suppose that Matt quits a job with the XYZ Corporation in order to look for more rewarding employment. Matt would be
A) counted as still being employed. B) included in the economy's "hidden employment." C) counted as frictionally unemployed. D) counted as cyclically unemployed.
Which of the following does not happen when new firms enter a monopolistically competitive industry? a. The demand curve for each of the existing firms will fall
b. The demand curve for each of the existing firms will move inward. c. The demand curve for each of the existing firms will becomes relatively more elastic. d. The demand curve for each of the existing firms will shift to the right.
Aid to families with dependent children was
A. a close-to-perfect welfare or public assistance program. B. criticized because it provided little incentive for recipients to get jobs. C. contributing to efficient production of goods. D. superior to a negative income tax for work incentives.