Unemployment insurance is designed to offer workers full protection against job loss
a. True
b. False
Indicate whether the statement is true or false
False
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In a labor-market pooling equilibrium with high-skill and low-skill workers and where a costly educational degree is used as a signaling device,
A) the high-skill workers' wage is larger than the low-skill workers' wage. B) the low-skill workers' wage is zero. C) the high- and low-skill workers receive the same wage. D) the high-skill workers' wage is equal to the low-skill workers' wage plus the cost of obtaining a degree.
Consider leaf burning that generates negative externalities. The private cost is
a. less than the external cost b. greater than social benefit c. understated by the amount of the social cost d. less than the social cost e. shared with third parties
When asked to reveal their true preferences people
A. always tell the truth. B. never tell the truth. C. sometimes tell the truth. D. generally don't know what preferences are.
Refer to the figure above. The economy is at equilibrium at point A. What fiscal policy would be most appropriate to control demand-pull inflation?
a. Shift aggregate demand by decreasing taxes b. Shift aggregate demand by increasing government spending c. Shift aggregate demand by increasing taxes d. Shift aggregate supply by increasing taxes