Forces inside a nation that cause people to think about leaving that nation are called what in migration theory? What will be an ideal response? ANSWER Supply-push factors
Date: September 10th, 2020
The Japanese currency is called the A) DM. B) Yen. C) Euro. D) Dollar. E) Pound. ANSWER B
Date: September 10th, 2020
Critics of debt relief make all of the following arguments EXCEPT A) it would be wasted money since the conditions that caused the debt would be likely to persist. B) countries with large foreign debts are poorly administered. C) debt relief can quickly fuel a new round of borrowing that simply restores debt to prior […]
Date: September 10th, 2020
In the BOP, travel and tourism are included in A) unilateral transfers. B) the capital account. C) the merchandise account. D) the services account. ANSWER D
Date: September 10th, 2020
Under oligopoly, firms’ pricing policies are ________ and, under monopolistic competition, they are ________. A) interdependent; independent B) independent; interdependent C) cooperative; uncooperative D) uncooperative; cooperative E) profit maximizing; revenue maximizing ANSWER A
Date: September 10th, 2020
Refer to above figure. If manufacturing labor were to increase to OmL2, how much value would the economy as a whole gain? What will be an ideal response? ANSWER The triangle ABC.
Date: September 10th, 2020
What does research thus far suggest about job loss and offshoring? What will be an ideal response? ANSWER That outsourcing can be complementary and not just a substitute for domestic labor
Date: September 10th, 2020
As a result of trade, specialization in the Ricardian model tends to be A) complete with constant costs and with increasing costs. B) complete with constant costs and incomplete with increasing costs. C) incomplete with constant costs and complete with increasing costs. D) incomplete with constant costs and incomplete with increasing costs. E) dependent on […]
Date: September 10th, 2020
Which of the following is NOT one of the major problems with expanding the EU? A) Expansion has become a more difficult task because of the unwillingness of the eastern and central European countries to change. B) The programs that target EU expenditures could be stretched thin by the addition of countries with much lower […]
Date: September 10th, 2020
As interest rates rise, other things equal, A) investment decreases. B) money demand decreases. C) capital inflows increase. D) All of the above. ANSWER D
Date: September 10th, 2020
