A bilateral monopoly means
A) that a monopsonistic employer bargains with two unions.
B) that a monopsonistic employer bargains with both an industrial and a craft union.
C) that a monopsonistic employer bargains with a monopoly.
D) that an industrial union bargains with a two-firm oligopoly.
C
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Although the pegged exchange rate between the yuan and the dollar has undervalued the yuan, China had been reluctant to abandon the peg for fear that abandoning the peg would
A) increase Chinese holdings of dollars. B) reduce exports and reduce economic growth. C) reduce capital inflows. D) increase exports and increase the current account deficit.
A nation's comparative advantage
a. can almost always be traced to its natural resources b. is often based on its natural resources c. is often based on barriers to international trade d. is reflected in the shape of its demand curve for imported goods e. is a result of increasing marginal returns
A person can have a great deal of wealth but have very little income.
Answer the following statement true (T) or false (F)
Assume that a small country produces only green peppers and red peppers. Last year, it produced 100 green peppers and 50 red peppers and sold them at prices of $2 per green pepper and $3 per red pepper
This year, it produced 150 green peppers and 60 red peppers and sold them at prices of $2 per green pepper and $4 per red pepper. What is real GDP this year if the base year is last year? A) $540 B) $350 C) $890 D) $400 E) $480 Data for 2009 Data for 2010