Many European countries, such as Italy and Spain, have:
A. less unemployment than the United States, but with a greater percentage of that unemployment in the form of long-term unemployment.
B. more unemployment than the United States, but with a smaller percentage of that unemployment in the form of long-term unemployment.
C. more unemployment than the U.S., with a greater percentage of that unemployment in the form of long-term unemployment.
D. less unemployment than the United States, with a smaller percentage of that unemployment in the form of long-term unemployment.
Ans: C. more unemployment than the U.S., with a greater percentage of that unemployment in the form of long-term unemployment.
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Between 1930 and 1933, many banks in the U.S. failed because: a. the FDIC moved too slowly to prevent the bank failures
b. most bankers were either corrupt or incompetent. c. of excessive regulation by the federal government. d. people shifted their funds to take advantage of rising stock market prices. e. people lost confidence in them.
Figure 6-1
illustrates the four possibilities of the distribution of costs and benefits among voters for a government project. Programs that give subsidies to a small group of producers at general taxpayer expense would be considered
a.
type A projects, and the government would be likely to undertake these projects if they were efficient and to reject them if they were inefficient.
b.
type B projects, and the government would be likely to undertake many of these projects even when they were counterproductive (inefficient).
c.
type C projects, and the government would be likely to fail to undertake many of these projects even when they were productive (efficient).
d.
type D projects, and the government would be likely to undertake these projects if they were efficient and to reject them if they were inefficient.