A period of unemployment due to recession will ?

Related Mcqs:

The maximin criterion suggested by Rawls’s theory of justice means that the government should aim to ?

A. Maximize the total utility of society B. Maximize the well-being of the worst-off person in society C. minimize the difference between the rich and poor D. maximize the economic freedom of individuals by minimizing government interference in private decision making E. minimize the well-being of the best-off person in society...

Utilitarianism suggests that the government should choose policies that maximize the total utility of everyone in society by ?

A. redistributing income from rich to poor because this is what the members of society would choose to do if they were behind a veil of ignorance B. redistributing income from rich to poor because due to the diminishing marginal utility of income, taking a pound from the rich reduces their utility by less than … Utilitarianism suggests that the government should choose policies that maximize the total utility of everyone in society by ?Read More...

The term ‘rent’ as it is used by economists. refers to ?

A. the return to any factor of production that is in fixed supply B. the profit earned by the owner of any housing unit. C. the amount paid each year by a tenant for an apartment D. any profit earned by stockholders when they sell their stock...

An increase in the minimum wage will cause a relatively large increase in unemployment among ?

A. unskilled workers if the demand for labour is relatively inelastic B. unskilled workers if the demand for labour is relatively elastic C. skilled workers if the demand for labour is relatively elastic D. skilled workers if the demand for labour is relatively inelastic...

Where a tax can be shifted the incidence depends on ?

A. whether there is perfect or imperfect information B. who is legally obliged to pay the tax C. elasticities of demand and supply D. how many producers there are:...