Pollution is a
a. problem that is entirely unrelated to the parable called the Tragedy of the Commons.
b. problem that cannot be remedied with regulations or corrective taxes.
c. negative externality that can be viewed as a public-goods problem.
d. negative externality that can be viewed as a common-resource problem.
d
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Cyclical unemployment ________
A) decreases during an expansion B) grows at the same rate as potential GDP C) is zero at a business-cycle trough D) decreases during a recession
Suppose the government launches a successful advertising campaign that convinces workers with high school degrees to quit their jobs and become full time college students. This would cause
A) the labor force participation rate to decrease. B) the number of discouraged workers to increase. C) no change in the unemployment rate. D) the unemployment rate to decrease.