Which of the following is a positive economic statement?
A) People should use public transportation more often.
B) The government should ban diesel engines in automobiles.
C) Due to a decrease in state funding, university tuition has risen.
D) Foreign citizens should not be allowed to work without a work visa.
Answer: C
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Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting downward C. Aggregate demand shifting rightward D. Aggregate demand shifting leftward
When governments subsidize retraining programs for unemployed workers to learn new skills, they are trying to minimize the effects of which kind of unemployment?
A. Frictional B. Structural C. Seasonal D. Real-wage
The determinants of labor supply include:
A. supply of other factors and output prices. B. other opportunities and technology. C. culture and technology. D. culture and other opportunities.
In order to lessen the monitoring problems and opportunistic behavior of a franchisor and a franchisee, franchise contracts:
a. create provisions for high liquidated damages. b. are complete in all respect. c. have similar fixed charge and royalty arrangements. d. include certain flexible clauses.