With cheaper communication technology and easy flow of information between countries,
a. industrial production becomes more labor intensive.
b. the pattern of employment and production can change.
c. the digital divide widens.
d. transaction costs increase.
B
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Lowering the tariff on imported ethanol
A) increases domestic employment in the ethanol industry. B) increases the imports of ethanol. C) increases the domestic price of ethanol. D) has no effect unless the nation's trading partner also lowers its tariff on ethanol.
Compensation of employees:
a. excludes the monetary value of fringe benefits. b. excludes paid vacations. c. is the largest component of GDP. d. excludes employer's taxes paid for employees' Social Security. e. includes rental income.
If the United States exports military hardware, what is the effect in the exchange market? a. It will increase the supply of U.S. dollars
b. It will decrease the supply of U.S. dollars. c. It will increase the demand for U.S. dollars. d. It will decrease the demand for U.S. dollars.
Banks make additional loans when desired reserves
a) exceed actual reserves, a situation of positive excess reserves. b) are less than actual reserves, a situation of positive excess reserves. c) exceed actual reserves, a situation of negative excess reserves. d) are less than actual reserves, a situation of negative excess reserves.