The process of globalization has ________
A) decreased inequality
B) increased inequality
C) had little measurable effect on income inequality
D) has increased income inequality in developing countries but decreased inequality in developed countries
B
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Which of the following policy tools did the Fed create in 2008 to address the financial crisis?
i) quantitative easing ii) credit easing iii) open market operations A) ii only B) i and ii C) i and iii D) i only E) ii and iii
Bananaland produces only bananas and sunscreen and the quantities and prices for 2012 and 2013 are given in the table above. The base year is 2012. Real GDP in 2012 is equal to
A) $800. B) $640. C) $625. D) $500. E) $200.
Bid-rigging is more likely when
a. auctions are larger b. auctions are infrequent c. auctions generate the same set of potential bidders d. the auctioneer is paid on commission rather than a fixed fee
Which person is part of the labor force?
a. Bethany cares full time for a movie star’s children when the star is on location filming her next movie. b. Max cares for his toddler and infant full time. c. Heidi’s preschooler Mira is cared for by her teacher. d. Mira’s grandmother cares for her when she is not in preschool.