Which of the following variables related to a worker's wage are the most difficult to measure?
a. ability, effort, and chance
b. job characteristics, gender, and race
c. gender, race, and geographic location
d. years of schooling, age, and years of experience
a
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German luxury car exports were hurt in 2009 as a result of the recession. How would this decrease in exports have affected Germany's aggregate demand curve?
A) The aggregate demand curve would have shifted to the right. B) The aggregate demand curve would have shifted to the left. C) The aggregate demand curve would not have shifted, but there would have been a movement down the aggregate demand curve. D) The aggregate demand curve would not have shifted, but there would have been a movement up the aggregate demand curve.
________ describes the relationship between consumption spending and disposable income
A) The liquidity trap B) The consumption function C) Household wealth D) The paradox of thrift
Market mechanisms are unlikely to provide
A. prices. B. nonrival goods efficiently. C. supply and demand. D. none of these answer options are correct.
Which of the following helps low-income countries grow rapidly relative to high-income countries?
A. Low-income countries are in a better position to save a larger share of their income. B. Low-income countries can employ technologies and practices that have been successful in high-income countries. C. Low-income countries generally have legal systems that protect property rights and enforce contracts in a more evenhanded manner. D. Low-income countries generally have more favorable weather conditions.