To promote rapid economic growth, the new growth theory would argue for increased scholarships in
a. women's studies.
b. deconstructionist literature.
c. post-modern sociology.
d. biology.
d
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If Les can produce two pairs of pants per hour while Eva can produce one pair per hour, then it must be true that:
A. Eva has a comparative advantage in producing pants. B. Les has a comparative advantage in producing pants. C. Les has an absolute advantage in producing pants. D. Les has both comparative and absolute advantage in producing pants.
Who among the following faced an opportunity cost?
A) The fiancée B) The recently married bride C) The cheating spouse D) The divorcee E) All of the above.
Suppose the Bank of China permanently decreases its purchases of U.S. government bonds and, instead, holds more dollars on deposit at the Federal Reserve
Everything else held constant, a open market ________ would be the appropriate monetary policy action for the Fed to take to offset the expected ________ in the monetary base in the United States. A) purchase; decrease B) purchase; increase C) sale; decrease D) sale; increase
Which of the following is true of illegal immigrants?
a. They help improve the quality of goods and services produced in the United States. b. They help increase the wage rate in the U.S. c. They do not affect the equilibrium wage of the U.S. unskilled labor market. d. They help some firms lower operating costs, earn more profit, and produce more. e. They reduce the supply of unskilled labor in the United States.