When the government uses a cap-and-trade approach in dealing with pollution, it
A) uses taxes in order to internalize the externalities caused by the pollution.
B) imposes quantitative limits on the amount of pollution firms are allowed to generate.
C) uses subsidies to encourage firms to use new technology that reduces pollution.
D) distributes information to consumers and producers on how to reduce pollution.
B
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The new Keynesian models, are examples of
A) market-clearing, wage rigidity models. B) non-market-clearing, wage rigidity models. C) imperfect information, wage rigidity models. D) perfect information, non-clearing market models.
Bob just graduated from college and has just landed his first job with a local accounting firm that will start in three months. Bob plans to use that time to find a place to live, and adjust to the new area. Bob would be considered:
A. frictionally unemployed. B. employed. C. structurally unemployed. D. Bob is not in the labor force.