Japan’s remarkable economic growth in the 20th century was a result of _____.
Ans: A growth in education, leading to a ready acceptance of technology
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Studies show that the largest negative impact of illegal immigrants is on:
A. The wages of native-born workers B. The average wage in the U.S. C. Employment opportunities of native-born workers D. The wages of previous immigrants
________ is defined as a market outcome in which the marginal benefit to consumers of the last unit produced is equal to the marginal cost of production, and in which the sum of consumer surplus and producer surplus is at a maximum
A) Economic efficiency B) Consumer efficiency C) Deadweight efficiency D) Producer efficiency
The lengths of the recession and expansion phases and which sectors of the economy are most affected will rarely be the same in any two business cycles
Indicate whether the statement is true or false
As part of the "wealth channel of monetary policy," a higher money supply __________ interest rates and thus __________ bond prices
A) raises; raises B) raises; lowers C) lowers; raises D) lowers; lowers