14 Week Econ U5 Unit Test

Front

A slow increase in the general price of goods

Back

Inflation

Front

a side effect of an economic activity that affects other parties without being reflected in the cost of the goods involved

Back

Externality

Front

A tax on goods that generate negative externalities

Back

Pigouvian

Front

Which is not an economic term? Options: Pigouvian, Inflation, Externality, Byzantine

Back

Byzantine

Front

Carbon Tax

Back

Pigouvian

Front

Lost your job during Covid. What type of unemployment does this represent? Options: Frictional Unemployment, Seasonal Unemployment, Underemployment, Structural Unemployment, Cyclical Unemployment

Back

Cyclical Unemployment

Front

A recent graduate looking for work

Back

Frictional Unemployment

Front

A lawyer working as a barista

Back

Underemployment

Front

A ski instructor on the 4th of July

Back

Seasonal Unemployment

Front

An unemployed coal miner during the age of renewable energy

Back

Structural Unemployment