Defining global poverty in the context of American standards would classify most people in the developing world as poor
Indicate whether the statement is true or false
T
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Suppose that Jesse Eisenberg had been offered a bigger and better part in another movie and that to hire him for The Social Network, the producer had to double Jesse's pay
What incentives would have changed? How might the changed incentives have changed the choices that people made?
Economists
A) describe reducing tariffs and quotas as shallow integration. B) describe reducing tariffs and quotas as deep integration. C) believe that changing domestic policies affecting trade is a relatively simple process. D) believe that the work of reducing trade barriers is done since most tariffs are low and most quotas eliminated. E) believe the original motivation for nations forming domestic policies and regulations was to create trade barriers to foreign companies.
In the real world, it is likely that wage negotiations:
A. drag on for years to see which side is more patient. B. often end with the company enjoying a larger payoff, since they can afford to be more patient. C. often end with the worker's enjoying a larger payoff, since they are not losing as much in profit as the company. D. do not drag on for years.
In situations where businesses who choose to discriminate because they are prejudiced are few in an industry, discrimination:
A. will persist in an efficient market. B. will be eliminated by the competitive market. C. will persist because customers will not give them patronage. D. None of these is true.