The labor force in the United States is defined as the adult population who are either employed or unemployed
a. True
b. False
Indicate whether the statement is true or false
True
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During the 1960s, when confronted with moderate and stable inflation, people tended to form adaptive expectations of future inflation rates
Indicate whether the statement is true or false
Nothing raises the standard of living more than a greater
a. abundance of goods. b. effort of production. c. population. d. number of import tariffs. e. All of the above are true.
A document describing how much profit or loss was earned by a business over a given length of time is called
a. a balance sheet b. an income statement c. a statement of cash flows d. a profit-and-loss statement
What is intra-industry trade? Is intra-industry trade consistent with the predictions of the Heckscher-Ohlin theory? Explain, and relate your discussion to evidence about trade between industrialized countries and developing counties, and about trade among industrialized countries.
What will be an ideal response?