Globalization has depressed wages in western industrialized countries, particularly those for
A) highly skilled workers.
B) highly educated workers.
C) semi-skilled workers.
D) low skilled workers.
D
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Bart operates a lemonade stand in front of his house. His father works at the Springfield Nuclear Power Plant. Which of the following is most likely to be true about the calendar time period associated with the short run for the two industries?
A. The short run would be one year for the lemonade stand and exactly two years for the nuclear plan
B.The short run is longer for the power plant than it is for the lemonade stand
C.The short run is the same for the power plant as it is for the lemonade stand.
D. The short run is shorter for the power plant than it is for the lemonade stand.
Thomas Malthus's predictions did not come to pass because he implicitly assumed that there would be no technological advances and did not foresee that agricultural land was not completely fixed in quantity or quality
a. True b. False Indicate whether the statement is true or false
In order to maximize profits, a monopolist should produce where the average revenue is equal to marginal cost
a. True b. False Indicate whether the statement is true or false
A rightward shift of the supply of loanable funds curve leads to a lower equilibrium interest rate
a. True b. False Indicate whether the statement is true or false