During the recession of 2008-2009, the length of time qualified workers were permitted to draw unemployment benefits was increased from 26 to up to 99 weeks. Economic theory indicates that this extension would
a. reduce the opportunity cost of job search and lead to longer spells of unemployment.
b. increase the opportunity cost of job search and lead to shorter spells of unemployment.
c. reduce the long-term rate of unemployment.
d. increase the current supply of labor and make it easier for employers to hire workers.
A
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The official settlements account is the record of
A) payments for imports, receipts for exports, net interest, and net transfers. B) changes in the government's holdings for foreign currency. C) exports of capital goods minus imports of capital goods. D) foreign investment in the nation minus the nation's investment abroad. E) a nation's international trading, borrowing and lending.
When long-run average costs increase as output increases, there are
A) economies of scale. B) diseconomies of scale. C) constant returns to scale. D) constant marginal costs.
Forty or so dealers establish a "market" in these securities by standing ready to buy and sell them
A) secondary stocks B) surplus stocks C) U.S. government bonds D) common stocks
Refer to the payoff matrix below. In reference to the Nash equilibrium/equilibria in this game, which of the following is true?
Healthy Snacks and Best Treats are two firms competing in the health food snacks market. Both are considering introducing a new health food snack made purely of dried power fruits. The payoff matrix shows their net economic profit in millions for the different strategies.
A) Best Treats Introduce and Healthy Snacks Introduce is a Nash equilibrium.
B) Best Treats Do Not Introduce and Healthy Snacks Do Not Introduce is a Nash equilibrium.
C) Best Treats Do Not Introduce and Healthy Snacks Introduce is a Nash equilibrium.
D) There are no Nash equilibria in this game.