If the United States changed its laws to allow for the legal sale of a kidney, which of the following is likely to occur?
a. The price of kidneys would rise to balance supply and demand.
b. The gains from trade would make both buyers and sellers better off.
c. Thousands of lives would be saved.
d. All of the above are correct.
d
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When prices are predetermined, the level of output that equals aggregate expenditure is called ________ output.
A. induced B. short-run equilibrium C. potential D. the natural rate of
New college graduates still looking for their first jobs would be classified in the BLS data as
A. not yet in the labor force. B. part of structural unemployment. C. frictionally unemployed. D. cyclically unemployed.
The table above shows some data for Wiland, a country whose currency is the bont. The official settlement balance, net interest income, and net transfers from abroad are zero
a) What is Wiland's imports of goods and services? b) What is Wiland's current account balance? c) What is Wiland's capital account balance? d) What is Wiland's net taxes? e) What is Wiland's private sector balance?
In organizational design issues, decision rights pertain to
a. the legal workplace related rights of employees b. the regulations governing how a potential customer chooses which product to purchase c. the set of decisions that go with a particular position within the firm d. who gets to decide from which place co-workers will order lunch