On May 12, 2011, it cost U.S. $1.44 to buy one euro. How many euros would U.S. $1 buy?
a. 0.69
b. 1.44
c. 1.69
d. 2.44
a
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If oil refiners expect the government to tax away any profits created by international supply disruptions, refiners will choose to
A) carry smaller inventories of crude petroleum. B) leave the oil refining business. C) prevent the price of crude petroleum from rising. D) raise their prices to cover their added risks. E) take a higher percentage of their profits as windfalls.
What impact would including members of the military in employment, labor force, and working-age population statistics have on the unemployment rate and the labor force participation rate?
A) Including the military would reduce both the unemployment rate and the labor force participation rate. B) Including members of the military would reduce the unemployment rate and increase the labor force participation rate. C) Including the military would increase both the unemployment rate and the labor force participation rate. D) Including members of the military would increase the unemployment rate and reduce the labor force participation rate.
Identify the main reason to expect convergence in the long run
a. Low-productivity countries learning from high-productivity countries b. Rapid growth in the supply of capital in low-productivity countries c. Educational attainment rising quickly in low-productivity countries d. Economic complacency and mismanagement in high-productivity countries
Refer to the information provided in Figure 30.2 below to answer the question(s) that follow.
Figure 30.2Refer to Figure 30.2. Labor productivity at time t3 is
A. larger than labor productivity at time t2. B. less than labor productivity at time t4. C. larger than labor productivity at time t1. D. larger than labor productivity at time t2, but less than labor productivity at time t4.