If exports are being excluded unfairly from a market, the World Trade Organization (WTO) may authorize
A. Quotas.
B. Other nontariff barriers.
C. Retaliatory comparative advantages.
D. Retaliatory tariffs.
Answer: D
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According to the policy irrelevance proposition, monetary policy can affect real variables
A) in the short run only, and then only if the policy was fully anticipated. B) in both the short run and the long run. C) in the short run only, and then only if the policy was unanticipated. D) in the long run only.
Joe wants to achieve the highest position possible with the XYZ Co During the interview, he tells them he is capable of performing many difficult tasks. The company feels there is a 10% chance he is lying
Given the payoff matrix in the above figure, what job level will the company offer to Joe? Why?
A government policy of providing job training for unskilled youths is an example of a policy to promote economic growth by:
A. increasing the availability of natural resources. B. improving technology. C. increasing physical capital. D. increasing human capital.
In 2014, some European countries were dealing with a recession. Workers who were laid off in those countries due to the economic downturn would be
A) frictionally unemployed. B) structurally unemployed. C) cyclically unemployed. D) seasonally unemployed.