The rapid growth of China, India, and other developing countries is pushing the global demand curve for oil to the right.
Answer the following statement true (T) or false (F)
True
The rapid growth of China, India, and other developing countries suggests that we can expect rising energy demands worldwide for the foreseeable future. So the global demand curve for energy is shifting to the right.
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One way for governments to try and minimize the effects of structural unemployment is to:
A. subsidize retraining programs. B. increase unemployment benefits. C. mandate employers cannot fire anyone. D. All of these are ways that would minimize the effects of structural unemployment.
When a firm makes verbal promises about future working conditions, benefits and raises, and promotions, it is offering a(n)
A. implicit labor contract. B. compensating wage differential. C. human capital contract. D. explicit labor contract.
If a couple plans to stay at a hotel for a week on the beaches of Tulum, Mexico, and it costs 7,000 pesos, _____.
(A) With an exchange rate of 9.5 pesos per dollar, the hotel stay will cost $777.77. (B) With an exchange rate of 11 pesos per dollar, the hotel stay will cost $636.36. (C) With an exchange rate of 9 pesos per dollar, the hotel stay will cost $823.53. (D) With an exchange rate of 12 pesos per dollar, the hotel stay will cost $608.70.
Which of the following statements is TRUE about scarcity?
A) Both rich and poor people face the problem of scarcity. B) Scarcity exists only when supply is insufficient to meet demand. C) Scarcity exists only when a shortage exists. D) Scarcity can be eliminated when a country becomes richer.