Sophia Microeconomics Unit 04 Exam.pdf - Sophia Welcome...

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10/3/2020 Sophia :: Welcome UNIT 4 — MILESTONE 4 Score 16/20 You passed this Milestone 16 questions were answered correctly . 4 questions were answered incorrectly . 1 Sarah is a great teacher; however, she struggles with the technology used by potential students and school districts, and thus is not able to find work. Sarah's type of unemployment is considered __________. structural frictional cyclical seasonal
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10/3/2020 Sophia :: Welcome CONCEPT Assessing Costs of Unemployment--Labor Economics 2 Which indicators show change at the same time as the economy and thus give a sense of where the economy is in relation to the business cycle?
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CONCEPT Coincident Indicators 3 What is contingent valuation as it relates to alternative methods for estimating the value of environmental regulations?
10/3/2020 Sophia :: Welcome Multiplying the amount of people who are willing to pay for trips to natural resources by the number of citizens to construct an estimate on the value of environmental goods Using the change in property values in response to a change in pollution to provide an estimate of the cost of pollution CONCEPT Assessing Costs of Waste and Pollution--Environmental Economics 4 Which statement below regarding welfare analysis is NOT true?
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