Trade deficits always lead to future decreases in consumption if the trade deficits:
A. support current investment.
B. support current consumption.
C. support either current investment or current consumption.
D. require borrowing from abroad.
Answer: B
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As the workforce ages,
A) structural and frictional unemployment increase. B) cyclical unemployment declines. C) cyclical unemployment increases. D) the natural rate of unemployment declines.
The acronym HICP stands for:
(a) Harmonised Index of Consumer Prices; (b) Higher Institute for Central Planning; (c) Harmonised Index of Current Production; (d) Hyper-Inflation Control Programme.
One In the News article in the text is titled "The New Economy." Which of the following is a feature of the "new" economy?
A. High level of unemployment. B. Strong growth in productivity. C. Strong growth in productivity, coupled with a high level of unemployment and a high level of inflation. D. High level of inflation.
The Robinson-Patman Act of 1936:
A. prohibited selling products at "unreasonably low prices" with the intent of reducing competition. B. made it illegal to monopolize a market. C. repealed the Sherman Act. D. outlawed price discrimination for the purpose of reducing competition.