Which of the following countries would have the most difficulty raising its level of average educational attainment?
A. Canada
B. Italy
C. India
D. Sudan
Answer: A
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Items that are purchased by individuals for their own enjoyment are called
A) consumption goods and services. B) capital goods. C) government goods and services. D) exports of goods and services. E) private goods.
If the real value of your savings is decreasing over time, we know that the:
A. real rate of interest is positive. B. inflation is zero. C. real rate of interest is negative. D. real rate of interest is zero.
The ability of unions to successfully raise wage rates is dependent on the
a. higher elasticity of supply for labor b. lower elasticity of supply for marginal product c. higher elasticity of demand for the goods produced d. lower elasticity of demand for the goods produced e. higher elasticity of demand for labor
When nations enter into currency unions, their fiscal affairs continue to be separate. The exception to this situation is whenever a confederation of states has a system:
A) whereby monetary policy is decided by consensus rather than centrally. B) of government subsidies for firms exporting outside the union. C) of fiscal mechanisms that permits interstate transfers. D) of common tax policies and regulatory rule.