Which of the following is an example of a positional arms control agreement?
A. Highly selective admissions standards at colleges
B. Public education
C. Prohibiting speech that causes more harm than good
D. Campaign spending limits
Answer: D
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"Beaten paths" in the context of labor migration are:
A. Routes taken previously by family, relatives, and friends B. Routes that have been "over used" by previous immigrants C. Routes that are no longer followed by immigrants D. Typical methods used to increase human capital
Refer to Scenario 16.3. What is the relative price of tee shirts to candy?
A) $2.25 B) $2 C) $1.40 D) The relative price will be between $2.25 and $1.40. E) It is impossible to determine.
Sven has a comparative advantage over Alice in cooking but not in doing the laundry. Which of the following must be true?
a. Sven must have an absolute advantage in both cooking and doing the laundry. b. Sven has a lower opportunity cost in doing the laundry. c. Sven has an absolute advantage in doing the laundry. d. Alice must have an absolute advantage in cooking. e. Sven must have a lower opportunity cost than Alice for cooking.
The unionization rate grew most rapidly in the United States between
A. 1935 and 1945. B. 1980 and 1988. C. 1950 and 1953. D. 1880 and 1901.