Given the information in the table above, if it is ascertained that Foreign uses prison-slave labor to produce its exports, then home should
A) export cloth.
B) export widgets.
C) export both and import nothing.
D) export and import nothing.
E) export widgets and import cloth.
A
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The government of a country must make a decision between spending money on a hospital or spending the amount on border security. What kind of decision is this?
a) guns or butter b) decision at the margin c) global trade-off d) production efficiency decision
Deposit insurance is:
A. a Federal Reserve Bank regulation that covered deposits by individuals against losses. B. private insurance by depositors to guarantee against a bank run that would affect deposits. C. a regulation that limits how much an individual can deposit at a single bank to avoid bank runs. D. government insurance that promised to reimburse individuals for loss in the value of deposits.
What is a major characteristic of a natural monopoly?
A. The firm is a single seller of a resource B. Its sets price equal to marginal revenue C. There is extensive product advertising D. There is a large range for economies of scale
Refer to the diagram and list of assumptions. If discrimination is ended:
(1) the labor force is comprised of 9 million men and 9 million women workers;
(2) the economy has 3 occupations, X, Y, and Z, each having identical demand curves for labor; (3) men and women workers are homogeneous with respect to their labor-market capabilities; (4) women are discriminated against by being excluded from occupations X and Y and are confined to Z; and (5) aside from discrimination, the economy is competitive, and workers seek to maximize their earnings.
A. men will leave occupations X and Y and enter occupation Z.
B. 4 million women will leave occupation Z, with 2 million entering occupation X and 2 million
entering occupation Y.
C. 3 million women will leave occupation Z, with 1.5 million entering occupation X and 1.5
million entering occupation Y.
D. 3 million women will leave occupation Z, all of whom will enter industry X.