Henelyn lost her job as a factory worker when she was replaced by a robotic machine. Now she is looking for a new job. Henelyn is
A) cyclically unemployed.
B) structurally unemployed.
C) not unemployed.
D) frictionally unemployed.
E) none of the above.
B) structurally unemployed.
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The above figure shows Dana's marginal benefit curve for ice cream. If the price of ice cream is $2 per gallon, then Dana's consumer surplus from the 4th gallon
A) is greater than her consumer surplus from the 8th gallon. B) is the same as her consumer surplus from the 8th gallon. C) is less than her consumer surplus from the 8th gallon. D) could be greater than, equal to, or less than the consumer surplus from the 8th gallon.
If the Fed were to unexpectedly increase the money supply, creditors would gain at the expense of debtors
a. True b. False Indicate whether the statement is true or false
Refer to the accompanying figure. Suppose the solid line represents the current supply of Star Wars action figures. If the price of the plastic used to make action figures rises, current supply will:
A. not change because a change in the price of plastic will not affect the demand for action figures. B. shift to S(A). C. not change; only the quantity supplied will change. D. shift to S(B).
Which of the following represents a way that a government can help the private market to internalize an externality?
a. taxing goods that have negative externalities b. subsidizing goods that have positive externalities c. The government cannot improve upon the outcomes of private markets. d. Both a and b are correct.