When future labor income falls in a large open economy, it causes the current account to ________ and investment to ________
A) fall; rise
B) rise; remain unchanged
C) fall; fall
D) rise; rise
D
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If a corporation's retained earnings are expected to create future profits, the market price of the firm's stock will ________ and create a ________ for stockholders if the stock is sold
A) decrease; capital gain B) decrease; loss of wealth C) increase; loss of wealth D) increase; capital gain
Diseconomies of scale
A. exist when long-run average cost increases as output increases. B. exist when fixed cost increases as output increases. C. result eventually as the firm uses more and more labor with a fixed capital stock. D. both a and b E. all of the above
As a result of the Uruguay Round, production of ________ goods increased in industrialized countries and polluting emissions in these countries ________ as a result.
A. capital and skill-intensive; increased B. unskilled-labor-intensive; increased C. unskilled-labor-intensive; decreased D. capital and skill-intensive; decreased
An overall fall in prices in the economy is called:
A. deflation. B. inflation. C. core deflation. D. core inflation.