What are three primary reasons for the growth of international trade over the past 50 years?
What will be an ideal response?
The increase in trade is the result of the falling costs of shipping products around the world, the spread of inexpensive and reliable communications, and changes in government policies.
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If the marginal revenue product (MRP) of labor is less than the wage rate
A. less labor should be employed. B. the firm is making profits. C. the firm is incurring losses. D. more labor should be employed.
An inflation-induced increase in the effective tax rate on interest income and capital gains results in
a. a leftward shift of the saving schedule. b. a rightward shift of the saving schedule. c. no shift of the saving schedule. d. a rightward shift of the investment schedule.
Unemployment benefits create(s) which of the following?
a. less unemployment b. incentives for people to quickly find work c. incentives for employers to hire people d. incentives for people to not work
Studies the performance of the whole economic
a) marginal b) Macroeconomics