Suppose that the following headlines appeared in a newspaper. Which would most clearly represent a macroeconomic issue?
a. "Central Bank Raises Interest Rates"
b. "Auto Dealership to Cut Prices"
c. "Fanny's Freeze Dried Prunes to Lay Off 50 Workers"
d. "United Workers Union to Strike April 15"
e. "Brazilian Coffee Bean Crop Falls by 10 Percent"
A
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What is the source of comparative advantage in the Heckscher-Ohlin model?
What will be an ideal response?
Suppose that the government passes a law requiring households to increase savings 10% above previous levels. According to Solow's growth theory, in the short run
A) output per capita grows more rapidly. B) output per capita grows at the constant steady state rate, n. C) output per capita stays constant. D) None of the above.
Coldest Ice produces ice packs for use in lunch boxes. All of the following could be accidents for Coldest Ice except which one?
A) the ice packs failing to meet safe food temperatures B) the ice packs infringe on another firm's patent C) a successful audit D) the ice packs leak
In the United States, most income comes from
a. capital gains b. stocks and bonds c. providing labor resources d. illegal transactions e. government transfer payments