which one of the following is most likely to reduce the mobility of labor between jobs?
a. the taxation of unemployment compensation in the same manner as income from other sources
b. both b and c above
c. legislation relaxing licensing requirements for entry into many occupations
d. an increase in the minimum wage
d. an increase in the minimum wage
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The effect of antidumping laws is to
A) put a floor on foreign prices. B) lower consumer surplus in the importing country. C) encourage domestic firms to allege dumping even when it might not be true. D) All of the above.
Because labor unions contribute to keeping real wages ________ their equilibrium levels, higher unionization rates will tend to contribute to ________ unemployment rates
A) above; higher B) above; lower C) below; higher D) below; lower
Reserve ratio is 10% bank receives new checkable deposit of $2000
What will be an ideal response?
A temporary decrease in the price of oil would be considered a:
A. long-run supply shock. B. demand shock. C. short-run supply shock. D. The changing price of oil would not affect any of these.