If wages are "sticky downwards", then this means that during periods of high unemployment, wages will:
A. fall quickly.
B. resist falling.
C. resist rising.
D. rise quickly.
Answer: B
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The aggregate supply curve:
a. shows the level of real GDP produced in the economy at different possible price levels during a period of time. b. is horizontal in the Keynesian range. c. is vertical in the classical range. d. all of these.
Publicly available data on production costs and box office revenues reflect that:
a. R-rated movies on an average collect higher revenues than G-rated movies. b. revenue collected by PG-rated movies donot cover the production and distribution costs. c. G-rates movies help investors to make artistic or polictical statements. d. family-rated movies are on average profitable.
Factory A can reduce emissions at a cost of $250 per ton. Factory B can reduce emissions at a cost of $400 per ton. In a system in which the government issues transferable pollution right at a price of $200 per ton:
a. Factory A can profit from selling its pollution rights to Factory B. b. Both firms have an incentive to buy pollution rights c. Factory B can profit from selling its pollution rights to Factory A. d. Both firms have an incentive to sell pollution rights.
Which segment of the World Bank funds the world's poorest countries—those unable to repay its standard loans—such as India, Pakistan, Bangladesh, Nigeria, and Ethiopia?
a. the International Finance Corporation b. the International Bank for Reconstruction and Development c. the International Development Association d. the Multilateral Investment Guarantee Agency