Which of the following is not a defining characteristic of globalization?
a. Increased cross-border flow of trade in goods
b. Increased cross-border flow of trade in services
c. Increased international mobility of information
d. Increased frequency of wars
e. Increased mobility of individuals across borders
d
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What are the effects of an increase in the minimum wage? Who would be most affected?
What will be an ideal response?
_____ goods are rivalrous in consumption and nonexcludable
Fill in the blank(s) with the appropriate word(s).
As the rate of inflation increases, the increased cost to a consumer of more frequent trips to the bank to make cash withdrawals represents an increase in the:
A. tax distortion generated by inflation. B. erosion of the purchasing power of cash. C. "noise" in the price system. D. shoe leather costs of inflation.
One of the reasons the velocity of M1 has risen over the long-run is
A) increased economic uncertainty. B) growth in the money supply. C) new techniques of cash management by corporate treasurers. D) an increase in the demand for money.