The buyers and sellers in a resource market are:
a. household and firms respectively.
b. banks and farmers respectively.
c. households and land owners respectively.
d. firms and household respectively.
e. exporters and importers respectively.
d
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Which of the following statements accurately expresses evidence that globalization does not encourage a "race to the bottom" in labor standards?
a. The wages paid by multinational firms to their poor countries' subsidiaries are higher than the wages paid in rich countries. b. Poor countries that participate in globalization have quickly become rich. c. Multinational firms tend to pay higher wages than local firms, but they tend to provide lower benefits than existed in the country prior to globalization. d. Multinational firms must sign contracts with the IMF stating that they will offer exceptional worker benefits. e. Multinational firms tend to pay higher wages than local firms and tend to provide greater benefits for workers than existed in the country prior to globalization.
Most American firms are corporations
a. True b. False Indicate whether the statement is true or false
Other things the same, a country that increases its savings rate will have
a. higher future capital and higher future real GDP per person. b. higher future capital but not higher future real GDP per person. c. higher future real GDP per person but not higher future capital. d. neither higher future capital nor higher future real GDP per person.
An increase in corporate income taxes would reduce
A. national income. B. personal income. C. gross domestic product. D. net domestic product.