During times of economic boom, the spending on unemployment insurance:
A. likely falls, since more people are working.
B. likely goes up, since wages typically rise during booms.
C. likely stays the same, as government spending is through set criteria and unaffected by the business cycle.
D. is usually based on discretionary fiscal policy.
A. likely falls, since more people are working.
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The diagram above depicts the demand for, and market price of, buckets of raw oysters in Orlando
a. What is the consumer surplus of the person who buys the 100th bucket of oysters? b. What is the consumer surplus of the person who buys the 200th bucket of oysters? c. What is the consumer surplus of the person who buys the 300th bucket of oysters? d. What is the total consumer surplus from all the oysters consumed in the market?
When a nation's national saving falls short of its domestic investment, it must be
A) experiencing a government budget surplus. B) experiencing a government deficit. C) a net lender to foreign nations. D) a net borrower from foreign nations.