From 1929 to 2013, the unemployment rate in the U.S. ________
A) has continued to grow but has always remained well above zero
B) has fluctuated around zero
C) has gone up and down but has always remained well above zero
D) has decreased in most recessions
E) has grown by a factor of four
C
Economics
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Creative destruction:
A) leads to the benefit of all economic agents. B) is more likely in an economy with extractive institutions. C) leads to losses of all economic agents. D) is more likely in an economy with inclusive institutions.
Economics
Refer to Scenario 14.4. Suppose that a tax is imposed on each unit of the product that John produces. Which curve will shift?
A) Marginal product of labor B) Marginal revenue product of labor C) The supply of labor D) All of the above will shift due to the tax on output.
Economics