When a country allows trade and becomes an importer of steel,
a. the losses of the domestic producers of steel exceed the gains of the domestic consumers of steel.
b. the losses of the domestic consumers of steel exceed the gains of the domestic producers of steel.
c. the gains of the domestic producers of steel exceed the losses of the domestic consumers of steel.
d. the gains of the domestic consumers of steel exceed the losses of the domestic producers of steel.
D
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Indexation is designed to
A) moderate the costs of inflation, not inflation itself. B) rapidly reduce inflation. C) reduce the natural rate of unemployment. D) rapidly reduce inflationary expectations.
Productivity is hardest to measure in which sector?
a. Agriculture b. Construction c. Manufacturing d. Service.
Table 10.1 shows the cash flows and discounted cash flows for three mutually exclusive projects available to a company. Assume an interest rate of 5%. Which project has the highest NPV?
A. Project A
B. Project B
C. Project C
D. It cannot be determined from the information given.
Suppose the market for autoworkers is initially in equilibrium, but then suppose the automakers improve working conditions at the plants. What happens in the market for autoworkers?
A. The equilibrium wage rate and the equilibrium quantity of labor will both decrease. B. The equilibrium wage rate and the equilibrium quantity of labor will both increase. C. The equilibrium wage rate will increase and the equilibrium quantity of labor will decrease. D. The equilibrium wage rate will decrease and the equilibrium quantity of labor will increase.