Which of the following countries went through a financial crisis in 1997?
a. Russia
b. Canada
c. Italy
d. India
e. Korea
e
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The above figure shows the payoff to two airlines, A and B, of serving a particular route
If the two airlines must decide simultaneously, and the government imposes a $20 per firm tax on firms that service this route, which of the following maximizes the firms' joint profits? A) Neither firm services the route. B) Firm A offers firm B $20 to not enter. C) Both firms will service this route. D) Firm B offers firm A $30 to not enter.
Which of the following events challenged Keynesian views, and led to the popularity of Milton Friedman's ideas?
a. The hippie community started advocating socialist values. b. Hard-core republicans came into office. c. The U.S. economy faced high levels of inflation and unemployment simultaneously. d. The oil crisis exploded. e. Countries that followed Friedman's ideas performed better.
According to 2014 data on the U.S. population, which of the following groups of teenagers (ages 16-19) had the lowest unemployment rate?
a. white males b. white females c. black males d. black females
Dumping typically occurs because
A) the exporting country raises its prices to increase profits. B) the exporting country usually is experiencing a recession and has excess production. C) the importing country is experiencing a recession. D) the importing country has assessed significant tariffs.