If the dollar price of the English pound goes from $1.30 to $1.10, the dollar has
a. appreciated, and the English will find U.S. goods cheaper.
b. appreciated, and the English will find U.S. goods more expensive.
c. depreciated, and the English will find U.S. goods cheaper.
d. depreciated, and the English will find U.S. goods more expensive.
B
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If the total population is 200 million, the labor force is 100 million, and 92 million workers are employed, then the unemployment rate would be
A. 8%. B. 6%. C. 4%. D. 10%.
In a perfectly competitive market, which of the following determines the market price?
A) market demand and a firm's supply B) market supply and a firm's demand C) a firm's demand and its supply D) market demand and market supply
Suppose Erie Textiles can dispose of its waste "for free" by dumping it into a nearby river. While the firm benefits from dumping waste into the river, the waste reduces fish and bird reproduction. This causes damage to local fishermen and bird watchers. At a cost, Erie Textiles can filter out the toxins, in which case local fishermen and bird watchers will not suffer any damage. The relevant gains and losses (in thousands of dollars) for the three parties are listed below. WithFilterWithoutFilterGains to Erie$200$400Fisherman$180$50Bird Watchers$130$25If Erie Textiles does not install the filter, there will be a net social ________ of ________ (in thousands of dollars).
A. loss; $35 B. gain; $200 C. loss; $110 D. gain; $75
In terms of capabilities, education can be seen as:
A. a factor that reduces income inequality in countries. B. something that requires a lot of funding, but produces very little return. C. a feature of more democratic regimes. D. contributing to better family planning.