Cross-price elasticity is used to determine whether goods are substitutes or complements
a. True
b. False
Indicate whether the statement is true or false
True
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The smaller a country is, the less of an ability it has to export a portion of the burden of an import tariff to other countries.
Answer the following statement true (T) or false (F)
The gravity model explains why
A) trade between Sweden and Germany exceeds that between Sweden and Spain. B) countries with oil reserves tend to export oil. C) capital rich countries export capital intensive products. D) intra-industry trade is relatively more important than other forms of trade between neighboring countries. E) European countries rely most often on natural resources.
Kara voluntarily quit her job as an insurance agent to return to school full time to earn an MBA degree. With degree in hand, she is now searching for a position in management. Kara presently is
A. structurally unemployed. B. cyclically unemployed. C. not a member of the labor force. D. frictionally unemployed.
In comparing unemployment rates among modern industrial nations
A. American unemployment is higher than most European nations. B. Europe's generous unemployment benefits compared to such benefits in the U.S. and Japan help explain its relatively higher unemployment rates. C. Several European nations have roughly equal unemployment rates as in the U.S., despite unemployment benefits that should discourage work participation. D. None of the choices are correct.