Per-capita output growth is the growth rate of output
A. of the entire economy.
B. per worker in the economy.
C. for capitalist economies.
D. per person in the economy.
Answer: D
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According to the best evidence, immigration in the U.S.:
A. Raises the wages of low-skilled native-born workers and decreases the salaries of highly-skilled native born workers B. Increases the wages of both low-skilled native-born workers and highly-skilled native born workers C. Reduces the wages of low-skilled native-born workers and increases the salaries of highly-skilled native born workers D. Reduces the wages of low-skilled native-born workers and may decrease the salaries of highly-skilled native born workers
The IMF mostly receives its funds from:
a. the subscription fees paid by the member nations. b. selling of bonds. c. the loans given by the World Bank. d. the central banks of the major industrialized nations. e. the gold reserves available with the Fed.
Which statement is true?
A. Income is more evenly distributed along curve X than curve Y. B. Income is more evenly distributed along curve Y than curve X. C. Income is equally distributed along curves X and Y. D. It is impossible to determine income distribution by observing these curves.
The following graph shows the production possibilities curve for the economy with only two members, Silvia and Art. Silvia can produce either 50 pounds of beef or 2 computers per week, and Art can produce 100 pounds of beef or 1 computer per week. Both of them work 40 weeks per year.
Silvia has a comparative advantage in producing ________, and Art has a comparative advantage in producing ________.
A. computers; beef B. computers; computers C. beef; computers D. beef; beef