The slope of the budget line
a. always equals 1.
b. equals income divided by price.
c. equals the ratio of the prices.
d. decreases as we move from left to right.
c
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From 2009 to 2012
A) The Beveridge curve became flat. B) The Beveridge curve shifted to the right. C) The Beveridge curve cannot be discerned in the data. D) The Beveridge curve shifted to the left.
iPods are less expensive in Canada than the United States, once the exchange rate is taken into account. This is an indication that
A) the nominal exchange rate is equal to one. B) purchasing power parity does not hold. C) the law of one price holds. D) the exchange rate is fixed.
Over 90 percent of adults in the United States were high school graduates in 2000
a. True b. False Indicate whether the statement is true or false
It is often asserted that the United States no longer manufactures anything, and that instead it imports manufactured goods from countries like China. Critically evaluate this claim