When a tariff is imposed on an imported good, the prices of the similar products produced within the country also increase.
Answer the following statement true (T) or false (F)
True
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A job advertised in an industry publication rather than a local newspaper is an attempt to
A) use access to the industry publication as a screening mechanism. B) use access to the newspaper as a screening mechanism. C) use access to the industry publication as a means of statistical discrimination. D) use access to the newspaper as a means of statistical discrimination.
Why is deflation such a problem?
A. It increases the value of debt, making it harder to pay it back. B. It decreases the value of debt, making it harder to pay it back. C. It increases the value of debt, making it easier to pay it back. D. It decreases the value of debt, making it easier to pay it back.
Foreign saving is used for domestic investment when foreigners engage in
a. foreign direct investment. b. foreign portfolio investment. c. either foreign direct investment or foreign portfolio investment. d. None of the above is correct.
Which of the following would be most likely to improve the standard of living of the residents of a less-developed country?
A. the development of strong labor unions B. a sharp increase in the legal minimum wage C. an increase in expenditures on education and capital investment D. rapid growth rate of the money supply