Factor mobility aids in economic development when
A. There is an increase in both outsourcing and insourcing.
B. A technological advance causes some firms to go out of business.
C. A region suffers a natural disaster such as an earthquake or tornado.
D. All of the choices are correct.
Answer: D
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If the duration of unemployment in a country increases from 16 weeks to 18 weeks, then
A) the unemployment rate will decrease. B) the unemployment rate will increase. C) the size of the labor force will increase. D) the size of the labor force will decrease.
The value of the firm is the:
A. average value of all future profits. B. present discounted value of all future profits. C. current value of profits. D. total value of all future profits.
The right to openly support and to elect leaders in a democratic way is known as
A. political freedom. B. economic freedom. C. external freedom. D. constitutional freedom.
Compared to the early 1950s, today farm output per labor-hour is
A. 20 times greater than it was then. B. The same as it was then. C. 20 percent less than it was then. D. 10 times greater than it was then.