Which statement is true?
A. American manufacturing wages are the highest in the world.
B. American manufacturing wage rates are the lowest of any industrial country.
C. Our manufacturing wage rates are the second highest in the world.
D. None of the statements are true.
D. None of the statements are true.
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The Green Revolution has not resulted in
a. reduced food prices b. increased yields c. more irrigation d. more agricultural research e. The Green Revolution has resulted in all of the above.
Everything else held constant, the vertical section of the supply curve of reserves is shortened when the
A) discount rate increases. B) discount rate decreases. C) federal funds rate rises. D) federal funds rate falls.
Which firm did the Treasury allow to fail during the financial crisis?
A) J.P. Morgan B) Bear Stearns C) Lehman Brothers D) American International Group (AIG)
An increase in the price of steel will result in
A. a decrease in the prices of automobiles. B. an increase in the cost of labor to produce automobiles. C. an increase in the equilibrium quantity of automobiles. D. a decrease in the supply of automobiles.