Differences in human capital among groups of workers is possibly a reflection of past discrimination
a. True
b. False
Indicate whether the statement is true or false
True
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Deviations of the actual unemployment rate away from the natural rate are
A) the monetary rule. B) cyclical unemployment. C) structural unemployment. D) frictional unemployment.
Suppose that Brazil is capital abundant and Chile is natural resource abundant. If timber is natural resource intensive and computers are capital intensive, then according to the Stolper-Samuelson Theorem, the incomes of the owners of ________ are likely to rise in Brazil after trade with Chile begins.
A) capital B) labor C) natural resources D) It is impossible to determine which will be favored.
One way the government can boost the economy out of a recession is:
A. with public announcements telling the public to save their money. B. by increasing government spending. C. by setting price ceilings on most goods so people can afford them. D. None of these will help an economy in recession.
A sustained fall in the aggregate price level is called:
A. economic decline. B. deflation. C. economic growth. D. inflation.