The H1B visa program is designed:
a. to keep out undocumented workers.
b. to encourage bright U.S. college students to study abroad.
c. to attract scientists and engineers from other nations to help U.S. industry prosper.
d. to have a way to force foreign students to go back to their native lands after graduation.
Ans: c. to attract scientists and engineers from other nations to help U.S. industry prosper.
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One of the main advantages of commodity money is:
a. It never loses value because it is valued in terms of fiat money. b. Actually, there are no real advantages of commodity money. c. It is backed 100% by the central bank guarantees. d. It tends to fall in value as inflation rises and to rise as inflation falls. e. It cannot be easily duplicated and therefore manipulated for political advantage.
The recession of 1937-38 could be blamed on
A. the Roosevelt Administration's deficit spending. B. the Roosevelt Administration's attempt to balance the budget. C. the Federal Reserve's driving down interest rates. D. a large tax cut.
Using Figure 1 above, if the aggregate demand curve shifts from AD1 to AD2 the result in the short run would be:
A. P1 and Y2. B. P3 and Y1. C. P2 and Y2. D. P2 and Y3.
To achieve economic efficiency in energy use, an economy:
A. often uses a variety of energy sources. B. must use the single energy source in which it can achieve economies of scale. C. should use all energy sources in equal proportion. D. should only use domestically produced energy.