How does U.S. output per capita compare with other industrial countries?
a. The United States ranks second accounting for 30 percent less output per capita than its predecessor Japan.
b. The United States ranks at the top about 32% of the rest, excluding second ranked Canada.
c. The United States ranks at the top and produces 10% more output per capita than all other nations.
d. The United States ranks first in output and is 75% above the rest of the world.
b
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Refer to Table 9-11. If the actual terms of trade are 1 hat for 1.8 clocks and 150 hats are traded, how many clocks will Belize gain compared to the "without trade" numbers?
A) -100 B) 100 C) 120 D) 250
Inflation tends to redistribute real income from lenders to borrowers.
Answer the following statement true (T) or false (F)
Suppose an employer is biased against African Americans. If his discrimination coefficient is $2, the employer will:
A. randomly hire African-American and white workers if the actual African-American-white wage differential is more than $2. B. randomly hire African-American and white workers if the actual African-American-white wage differential is less than $2. C. hire only African Americans if the actual African-American-white wage differential is less than $2. D. hire only whites if the actual African-American-white wage differential is less than $2.
Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________, 
A. Rising; B; C B. Falling; A; C C. Falling; A; B D. Rising; A; C