Within the U.S. population, women of prime working age (ages 25-54) have lower rates of labor-force participation than men of prime working age (ages 25-54), regardless of race
a. True
b. False
Indicate whether the statement is true or false
True
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When one party to a transaction has information that the other party does not have, they have a situation of:
a. asymmetrical information. b. nondisclosure. c. imperfect negotiation stances. d. collateral warranty.
Suppose a developing country is falling further behind the developed countries that it neighbors. As an economic consultant, you are called to look at its policies to recommend changes. If you saw all of the following on your visit, which of them could be an explanation for the slow growth in the economy?
A. You see that the roads, bridges, and ports are in great shape thanks to the work of the World Bank. B. You see that the central bank does not pay attention to what the elected officials want. C. You see that new companies must bribe local officials to move their exports to the docks. D. You see that literacy rates rival those of its developed neighbors.
"Countries usually experience substantial net economic gains from joining trade blocs." Do you agree or disagree with this statement? Why? In your answer, include discussion of the roles of trade creation and trade diversion. Also include discussion of other gains or losses that can arise in a country that chooses to join a trade bloc.
What will be an ideal response?
An increase in a per unit production tax ______ supply.
Fill in the blank(s) with the appropriate word(s).