Which of the following bond ratings by Moody's Investors Service would NOT be considered to be below investment grade?
A) Baa
B) Ba
C) B
D) All of these ratings are considered below investment grade.
A
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Using the table above, the Current Population Survey classifies the group of individuals who are left after subtracting from the total population groups 1, 2, and 3 as
A) unemployed. B) employed. C) the working-age population. D) the labor force. E) discouraged workers.
If Norwegian workers are more productive than Albanian workers, then trade between Norway and Albania
A) will take place so long as each country has a comparative advantage in a good or service that buyers in the other country want. B) cannot take place until Albanian workers become more productive. C) can take place only if Albania has an absolute advantage in producing a good or service Norwegian buyers want. D) cannot take place because Norwegian goods and services will be less expensive than Albanian goods and services.
In a floating exchange rate system, when national savings falls then the equilibrium exchange rate
a. falls and the trade balance falls. b. falls and the trade balance rises. c. rises and the trade balance falls. d. rises and the trade balance rises.
A monopsonistic employer's marginal resource (labor) cost curve:
A. is always more elastic than the labor supply curve. B. coincides with the labor supply curve. C. lies below the labor supply curve because the higher wage paid to an additional worker must also be paid to all other employed workers. D. lies above the labor supply curve because the higher wage paid to an additional worker must also be paid to all other employed workers.