Refer to the information provided in Table 33.2 below to answer the question(s) that follow.
Table 33.2
Refer to Table 33.2. If both countries specialize and trade with each other, Thailand will export ________ and China will import ________.
A. tractors; tractors
B. motorcycles; tractors
C. motorcycles; motorcycles
D. tractors; motorcycles
Answer: C
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In the long run, there appears to be:
a. A clear and unequivocal tradeoff between inflation and unemployment. b. No clear and unequivocal tradeoff between inflation and changes in a nation's nominal exchange rate. c. A clear and unequivocal tradeoff between inflation and employment. d. No clear and unequivocal tradeoff between inflation and changes in a nation's unemployment. e. None of the above.
The current private sector unionization rate in the United States is closest to
A. 25.7 percent. B. 12.4 percent. C. 6.4 percent. D. 19.3 percent.
Mainstream economists contend that, as stabilization tools:
A. discretionary fiscal policy is effective, but discretionary monetary policy is not. B. discretionary monetary policy is effective, but discretionary fiscal policy is not. C. both discretionary fiscal policy and discretionary monetary policy can be effective if appropriately used. D. discretionary fiscal policy and discretionary monetary policy cause more instability than they cure.
Refer to the data provided in Table 10.2 below to answer the following question(s).
Table 10.2 
Refer to Table 10.2. Marginal revenue product of the ________ worker is $250.
A. second B. third C. fourth D. fifth