The Internet might alter incentives of firms in locating their stores
Indicate whether the statement is true or false
T The Internet invites firms to consider the travel and convenience costs of customers (who have the alternative of purchasing on the Internet) instead of just trying to outdo competitors in locating close to consumers.
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When future labor income rises in a large open economy, it causes the current account to ________ and investment to ________
A) fall; rise B) rise; remain unchanged C) fall; fall D) rise; rise
Which of the following statements is NOT a reason that the cost of a college education is greater for the low-productivity group than for the high-productivity group?
A) The wages they give up by going to college instead of working will tend to be higher for them. B) They may have to pay for tutoring services or other extra help to accomplish the same educational goal. C) They may have to take remedial classes, which would increase the length of time it takes to accomplish the same goal. D) Even if they take no remedial classes, they may have to spend more time studying for each class, and the value of their leisure time needs to be considered in the calculation. E) Based on previous signaling, such as from their high school grades or SATs, they may receive less merit-based financial assistance, and thus be under a greater financial strain during their college years.
About how much U.S. and European trade is intra-industry?
a. 40% b. 50% c. 60% d. 70%
The CPI is always 1 in the base year
a. True b. False Indicate whether the statement is true or false