According to the textbook, the evidence indicates that NAFTA has:
A. reduced the employment of unskilled workers in the United States significantly.
B. reduced the wages of skilled workers in the United States.
C. stopped illegal immigration from Mexico.
D. not significantly reduced the employment of unskilled workers in the United States.
Answer: D
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Environmental economics
a. is concerned mainly with the residual flow from economic activity back to nature b. focuses on the flow of resources from nature to economic activity c. recognizes that the flow of residuals back to nature is preventable d. none of the above
If the GDP gap is positive, then:
A. potential GDP is greater than actual GDP. B. actual GDP is greater than potential GDP. C. the inflation rate is falling. D. the unemployment rate is rising.
If leakages are greater than injections, equilibrium output will be
A. Less than full-employment output, and an inflationary gap will occur. B. More than full-employment output, and an inflationary gap will occur. C. More than full-employment output, and a recessionary gap will occur. D. Less than full-employment output, and a recessionary gap will occur.
Which of the following observations is false?
a. Both CPI and GDP deflator tend to move in the same direction. b. GDP deflator tends to be much more volatile than CPI c. Both CPI and GDP deflator probably overstate the inflation rate. d. both a. and c. are false.