Why doesn't the minimum job proposal offer jobs commensurate with people's skills and education?
A. These people can find such jobs in the marketplace because their skills are valued, making them in high demand.
B. These people are holding out for a job in the marketplace. Providing them with jobs wouldn't be offering a minimum job, which is the program's objective.
C. The monitoring costs of such a job would be too high, because people will claim to have high skills when they really don't.
D. The proposal doesn't believe these people provide more productive skills that other workers.
Answer: B
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The production possibilities curve represents the fact that:
A) the economy will automatically end up at full employment. B) an economy's productive capacity increases proportionally with its population. C) if all resources of an economy are being used efficiently, more of one good can be produced only if less of another good is produced. D) economic production possibilities have no limit.
________ is necessary to "balance" the BOP statement
A) Reserve inflow B) Statistical discrepancy C) Debit transaction D) Credit transaction