The unemployment rate that occurs in a normal functioning economy is often referred to as
A. cyclical unemployment.
B. labor force unemployment.
C. the natural rate of unemployment.
D. seasonal unemployment.
Answer: C
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Huey has eaten two hamburgers and is considering a third. The marginal benefit in his decision is the pleasure from consuming
A) the two previous hamburgers. B) all three hamburgers. C) just the third hamburger. D) just the second hamburger. E) the third hamburger minus the pleasure from consuming zero hamburgers.
A tax may be used as a corrective device in the case of a negative externality because it will __________ marginal private costs and __________ supply.
A. increase; decrease B. increase; increase C. decrease; decrease D. decrease; increase
In the classical theory of aggregate demand, a decrease in the propensity to hold money will
a. shift the aggregate demand curve up. b. Shift the aggregate demand and supply curves up and to the right. c. have no effect on aggregate demand as the money supply changes. d. will increase the money supply
If a book publishing company sells its books to retailers with the explicit condition that the retailers may not resell the books below a specified price, this is an example of ________ and it ________ illegal per se.
A) resale price maintenance; is not B) price fixing; is not C) resale price maintenance; is D) price fixing; is