Experience rating systems for pricing insurance encourage firms to discriminate against older and disabled workers in their hiring practices.
Answer the following statement true (T) or false (F)
True
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Suppose the real exchange rate is 10, the domestic price level is 8, and the foreign price level is 4
(a) What is the nominal exchange rate? (b) Suppose the real exchange rate rises by 10%, the inflation rate in the domestic country is 6%, and the inflation rate in the foreign country is 4%. By what percentage does the nominal exchange rate change? (c) Suppose the nominal exchange rate rises by 5%, the real exchange rate rises by 8%, and domestic inflation is 3%. What is the foreign inflation rate?
_________ tend to think about others and are less interested in self. They seek outside opinions
a. Introverts b. Extroverts c. Experts d. None of the above is correct
It is believed that the relatively high rate of labor force growth in the developing countries does not translate into a high rate of economic growth because:
a. workers in developing countries have excess capital. b. workers in developing countries are not motivated enough. c. workers in developing countries do not have the natural resources needed for production. d. workers in developing countries have very little capital. e. the high birth rate is more than offset by an enormous mortality rate.
A patent
a. is given only to government owned companies. b. is not a legal impediment to entry. c. is a privilege granted by a state to an inventor over his invention. d. does not give the holder a monopoly during the period it is in effect.