By classifying discouraged workers as out of the labor force, the unemployment rate is ________ if they were considered as employed.
A. the same as
B. lower than
C. higher than
D. Any of the above can be correct.
Answer: B
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A tax wedge causes
A. consumer prices to equal producer prices. B. producer prices to rise above consumer prices. C. consumer prices to separate from producer prices. D. all prices to fall.
Which of the following is concerned primarily with price discrimination?
a. The Sherman Antitrust Act. b. The Clayton Act. c. The Robinson-Patman Act. d. The Celler-Kefauver Act.
The 1990s saw inflation fall and real growth increase in the U.S. and in many other countries. This is partially attributed to all of the following except:
A. redesign of many central banks. B. technological innovation. C. central banks focused more on exchange rates in a global environment. D. central banks became better at their jobs.
There are 500 families in a neighborhood that are affected by air pollution from a local factory. The pollution is within legal limits, but could be reduced further if the company spent $10,000 on upgraded ventilators. The company agrees to install the ventilators if the affected families contribute the $10,000. A committee starts to collect donations to pay for the ventilators. Which of the following is most likely to occur?
A. Because there are relatively few families involved and the individual contribution is so small, all families will voluntarily contribute. B. Even if the families raise $10,000, the firm will not reduce its air pollution since it is within legal limits. C. Because each individual contribution is so small and individuals will benefit from the reduction in air pollution whether they contribute or not, most people will not contribute and the firm will not upgrade the ventilators. D. The courts will force the firm to spend the $10,000 regardless of whether or not the families contribute the money.