In recent decades labor markets in European countries like Italy and Spain have been
A) less regulated and the unemployment rates of the European countries have been higher than the United States.
B) more highly regulated and the unemployment rates of the European countries have been lower than the United States.
C) more highly regulated and the unemployment rates of the European countries have been higher than the United States.
D) less regulated and the unemployment rates of the European countries have been lower than
C) more highly regulated and the unemployment rates of the European countries have been higher than the United States.
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Since 1960 U.S. banks have __________ the proportion of their total lending which is done overseas
A) reduced to near zero B) scaled back C) held nearly constant D) increased
You have just found the consumer's optimal combination of goods using constrained optimization. The marginal utility of income is the:
A) Cobb-Douglas statistic. B) Hicks factor. C) Slutsky equation. D) Lagrange multiplier.
Ceteris paribus, all of the following result when the minimum wage is raised and is above the equilibrium in a competitive market, except
A. Some workers lose their jobs. B. Workers with a marginal revenue product below the minimum wage are worse off. C. There are fewer workers available to work. D. There are fewer jobs available.
Creative destruction is most often associated with:
A. International trade B. Technological advance C. Government spending D. Private consumption