Linda lost her job in manufacturing due to her

This preview shows page 7 - 9 out of 9 pages.

Linda lost her job in manufacturing due to her company moving all manufacturing out of the country. Michelle is unemployed because she doesn't have the technology skills needed in the current job market. CONCEPT Assessing Costs of Unemployment--Labor Economics
17 Given the information above, which of the following is true?
Consumers will bear a greater tax incidence because demand is inelastic. CONCEPT Taxation and Subsidy 18 Which of the following corresponds with non-competitive market failure? CONCEPT
Details on Regulatory Intervention and Market Failure 19 The cost of cleaning up pollution can be measured by all of the following EXCEPT ___________. CONCEPT
Assessing Costs of Waste and Pollution--Environmental Economics 20 Which statement below applies to a pure command economy?
The level of government involvement must change with society. The government is responsible for all production, resulting in potential allocation inefficiencies. Public goods tend to be over-provided. The government does not interfere in the market. CONCEPT Comparative Economic Systems

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture