The Service Employees International Union is an example of a(n)
A) guild.
B) craft union.
C) industrial union.
D) public-sector union.
Answer: C
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An appreciation of the U.S. dollar is most likely a result that
A) more dollars are required to obtain foreign currencies. B) the Fed has pursued an expansionary monetary policy. C) U.S. interest rates have increased. D) U.S. bond prices have increased.
Suppose that a $4 billion increase in government spending increases Real GDP by $60 billion, and that a $3 billion tax reduction increases Real GDP by $68 billion. In this situation, the tax multiplier is _______________ the government spending multiplier
A) less than B) greater than C) equal to D) none of the above
If real GDP per person in a country equals $20,000 and 40 percent of the population is employed, then average labor productivity equals:
A. $8,000. B. $40,000. C. $20,000. D. $50,000.
Use the following graph showing the domestic demand and supply curves for a specific product in a hypothetical nation called Marketopia to answer the next question.
When the world price for this product is $0.50, Marketopia will
A. import 500 units. B. export 100 units. C. import 400 units. D. import 100 units.