By definition, disposable income is equal to
A) consumption minus saving. B) consumption plus saving.
C) consumption plus investment. D) investment plus saving.
B
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Nobody needs soda. So why do people drink it?
A) They deny the data and believe they really do need soda. B) The expected additional benefits of another soda outweigh the additional costs. C) There are no substitutes for soda. D) Soda is a good for the people who consume it, and therefore they will drink it at any price.
In a two-country world, an increase in foreign input prices, ceteris paribus,
A) shifts the SRAS curve leftward, causing the price level to increase. B) shifts the SRAS curve leftward, causing the price level to decrease. C) shifts the SRAS curve rightward, causing the price level to increase. D) shifts the SRAS curve rightward, causing the price level to decrease. E) does not affect the SRAS curve or the price level.
If the labor pool effect of globalization is weaker than the market expansion effect, then globalization will lead to a(n)________ in wages and a(n)________ in the number of workers hired.
A. decrease; increase B. increase; decrease C. decrease; decrease D. increase; increase
Which of the following is not a cost or a disadvantage to making the policies to cushion displaced workers more? generous?
What will be an ideal response?