Consumer confidence index
Weekly jobless claims
UNIT 4 — MILESTONE 4
Mikhal just moved with his family from Miami to Chicago and is looking
Linda lost her job in manufacturing due to her company moving all
manufacturing out of the country.
Chip lost his job due to a massive slowdown in the economy and cannot
find a job in the current recession.
Michelle is unemployed because she doesn't have the technology skills
needed in the current job market.
are provided by the government
are sold at a higher price than private goods
tend to be under-provided
are over-provided, because the government is not involved in the
Full employment means having some cyclical employment.
Full employment in an economy means that the entire labor force is
Full employment in an economy means that every adult who is not in
school is employed.
The natural rate of unemployment is 5%, according to most economists.
CEO compensation is tied to stock performance
US investors are less concerned about the environment and climate
change than those in Europe
it is diﬃcult to get an accurate cost on the impact of climate change
the universal adoption of the Kyoto Protocol
The Conference Board Consumer Confidence Index
The S & P 500
The unemployment rate
a public good that is non-rivalrous
a private good that is excludable
a private good that is non-rivalrous
a public good that is excludable
It allows us to analyze the effects of public policy by evaluating
consumer and producer surplus.
It gives us clear-cut rules for knowing when costs outweigh benefits.
We still need to exercise our judgment when analyzing these effects.
We can use it to determine potential benefits of certain policies.
Producers will bear a greater tax incidence because supply is inelastic.
Producers will bear a greater tax incidence because supply is elastic.
Consumers will bear a greater tax incidence because demand is elastic.
Consumers will bear a greater tax incidence because demand is
Emissions of greenhouse gases
Deforestation and use of pesticides
Overuse and grazing of lands
Change in migration patterns
non-rival and non-excludable
non-rival and excludable
rival and non-excludable
rival and excludable
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