Unemployment rates in what period were rather low by historical standards?
a. Unemployment rates in the late 1980s and into the mid-2000s were rather low by historical standards.
b. Unemployment rates in the late 1990s and into the mid-2000s were rather low by historical standards.
c. Unemployment rates in the late 1970s and into the mid-1980s were rather low by historical standards.
d. Unemployment rates in the late 1980s and into the mid-1990s were rather low by historical standards.
b. Unemployment rates in the late 1990s and into the mid-2000s were rather low by historical standards.
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Why are Pigovian taxes preferred to regulatory policies as methods to remedy negative externalities?
Which of the following is the outcome of the lemons problem in the used-car market?
A) Only low-quality cars will be traded in the market. B) Only high-quality cars will be traded in the market. C) Both low-quality and high-quality cars will be traded in the market. D) No cars will be traded in the market.