Why do the European countries like France, Germany, Italy and Spain have higher unemployment rates than other industrialized nations?
a. Low interest rate and low capital formation
b. Minimum wages are lower in these European countries compared to the other industrialized nations
c. Trade unions are not so prominent in these European countries
d. Stringent policies adopted by the governments of these nations against the termination of workers by firms
e. Nominal wages are more flexible in these nations compared to the other industrialized nations
d
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Which of the following best describes real GDP?
A) Real GDP = Potential GDP - Nominal GDP B) Real GDP = Potential GDP + Deviation from potential GDP C) Real GDP = Deviation from potential GDP / Potential GDP D) Real GDP = Nominal GDP / Potential GDP
In practice, monopolistically competitive markets are:
A. very rare. B. very common. C. virtually nonexistent. D. the only type of market that truly exists.
Which of the following situations demonstrates the endowment effect?
a. Ishani refuses to buy a used lamp at a yard sale because she has seen the same one, brand new, for a similar price at a department store. b. Aliyah prefers one brand of kombucha over another simply because the other one seems outrageously expensive. c. Dakota cannot decide which jacket is more practical, so she texts pictures of both to her mom to ask her opinion. d. Anil argues that a car dealership should give him more on his trade-in because he bought it for $43,000 only a few years ago.
________: an amount of money equal to support price time the quantity offered as collateral lent by the Commodity Credit Corporation
Fill in the blank(s) with correct word