Underemployment occurs when:
a. a firm hires fewer than the required number of workers, to save costs
b. a firm hires workers who do not possess the required skills that the job demands.
c. a worker is over qualified and possesses more skills than what his job demands.
d. a firm hires more than the required number of workers.
c
Economics
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A tax on a previously untaxed monopoly-produced good will necessarily lower total welfare if
A) the demand curve is relatively inelastic. B) the demand curve is relatively elastic. C) less than the socially optimum is produced before the tax. D) more than the socially optimum is produced before the tax.
Economics
It is most likely that the federal government will never actually pay off the national debt
a. True b. False Indicate whether the statement is true or false
Economics