One of the main functions of the Fed is minting U.S. coins
a. True
b. False
Indicate whether the statement is true or false
False
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A skill-biased technological change is likely to:
A) increase the wage of skilled labor. B) increase the wage of unskilled labor. C) decrease the demand for skilled labor. D) increase the marginal productivity of unskilled labor.
How is the IMF funded?
What will be an ideal response?
Based on the Saving-Investment Diagram, if the domestic real interest rate is indicated by B, then ________
A) the value of net exports is zero B) the diagram represents a closed economy C) the world real interest rate is indicated by A D) the difference between values F and E measures the net capital inflow E) none of the above
Which of the following would be least likely to affect the supply of automobiles?
a. higher prices for steel and other resources used in producing automobiles b. a successful physical fitness plan encouraging Americans to walk rather than drive to their destinations c. a technological improvement reducing the production costs of automobiles d. increased wages for members of the United Auto Workers union