One concern about globalization is that while it may be benefiting ____________ workers in the United States, it may also impose costs on ____________ workers.
a. low-skilled, low-wage; high-skilled, high-wage
b. high-skilled, high-wage; low-skilled, low-wage
c. low-skilled, low-wage; semi-skilled, medium-wage
d. semi-skilled, medium-wage; high-skilled, high-wage
b. high-skilled, high-wage; low-skilled, low-wage
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If the firm were a perfect competitor, how much would its price be in the long run?
The result of a binding price floor is:
a. quantity demanded at the price floor exceeds the amount at the equilibrium price, and quantity supplied is less than the amount at the equilibrium price. b. quantity supplied at the price floor exceeds the amount at the equilibrium price, and quantity demanded is less than the amount at the equilibrium price. c. quantity demanded and quantity supplied at the price floor are equal at the equilibrium price. d. quantity demanded at the price floor is less than the amount at the equilibrium price, and quantity supplied is also less than the amount at the equilibrium price.
Keynes focused on problems of
A. hyperinflation. B. budget deficits. C. trade deficits. D. unemployment and inflation.
What event led to the end of the Great Moderation?
A. The Great Depression B. The Great Recession C. Stagflation D. The Great Crash