MacDougall's test provides evidence that exports are positively related to labor productivity

Indicate whether the statement is true or false


TRUE

Economics

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According to classical economists, the increase in the unemployment rate in recessions occurs because

A) aggregate demand is insufficient. B) the time needed to find a job rises in recessions. C) labor unions prevent firms from cutting wages. D) firms will replace workers by machines.

Economics

Suppose a person calculates her permanent income by adaptive expectations. Last year's permanent income was 38,000, this year's actual income is 41,000, j = 0.30, and k = 0.86. What is her consumption expenditure this year?

A) 30,422 B) 12,174 C) 40,226 D) 38,774 E) 33,454

Economics

Refer to Scenario 5.3. Based on the 10 years' past performance, rank the companies' expected revenue, highest to lowest:

A) Whizbo, Yowzo, Zowiebo B) Whizbo, Zowiebo, Yowzo C) Zowiebo, Yowzo, Whizbo D) Zowiebo, Whizbo, Yowzo E) Zowiebo, with Whizbo and Yowzo tied for second

Economics

Social Security taxes are regressive because

A) they apply only to rich people. B) they are not applied to income beyond a certain amount. C) they are applied to welfare recipients. D) they are applied to retired people only.

Economics