An economist claims that changes in information technology and unemployment insurance have reduced unemployment. Which of these changes affect frictional unemployment?
a. both the changes in information technology and unemployment insurance
b. only the changes in information technology
c. only the changes in unemployment insurance
d. neither the changes in information technology nor the changes in unemployment insurance
a
Economics
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Suppose the market clearing price is $15 and the price ceiling is $17. The price that prevails in the market will be
A) $17. B) $15. C) less than $15. D) more than $17.
Economics
From the standpoint of economic efficiency, competitive markets provide:
A. less of a public good than would be efficient. B. more of a public good than would be efficient. C. exactly the amount of a public good that is efficient. D. an efficient amount but at a higher cost.
Economics