A U.S. company is attempting to cut costs by shifting some of its services to Thailand. This process of shifting production of products or services overseas to cut costs often results in:
A. greater potential for market failure for those products and services.
B. greater economic uncertainty in the market for those products and services.
C. lower consumer prices on those products or services.
D. lower production quantities of those products or services.
Answer: C
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The tradeoff for monetary policy represented by the Phillips curve is
a. lower inflation for lower output. b. lower inflation for higher unemployment. c. lower inflation for higher employment. d. higher expected inflation for higher output. e. none of the above.
Which of the following is NOT a possible cause of structural unemployment?
A) individuals take the time to search for the best job opportunities B) a mismatch of worker training and skills with requirements of employers C) government-imposed minimum wage laws D) union activity that sets wages above the equilibrium level
When you buy a United States Savings Bond, you
a. loan money to the government b. borrow money from a savings and loan association c. donate money for special government projects d. pay for your childs college education
Throughout the period from 1996 to 2010, U.S. Real GDP growth has been
A. constant. B. declining. C. steadily increasing. D. fluctuating.