Which of the following countries would find it easiest to achieve rapid growth in per capita GDP?
A. United States
B. United Kingdom
C. France
D. Mexico
Answer: D
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Author A accepts a $5,000 advance from a publisher and a 10% royalty after 5,000 books are sold. Author B foregoes the publisher's advance and negotiates for a 15% royalty on all books sold
Author C decides to self-publish his book and keep 100% of all sales revenue. In what order of risk aversion (from most to least) would you rank these authors? A) Author A, Author B, Author C B) Author A, Author C, Author B C) Author B, Author A, Author C D) Author C, Author B, Author A
Based on the figure, if a union contract requires that workers be paid $25 per hour, there will be ________ unemployed workers.
A. 31 B. 9 C. 12 D. 21
Which of the following is an effect of a minimum wage law that establishes a wage floor above the current market clearing? wage?
A) surplus labor, or unemployment
B) a decrease in the market clearing wage
C) a decrease in the quantity of labor supplied
D) an increase in the quantity of labor supplied
When multiple countries are trying to boost their economies by lowering the value of their currency, it causes a situation referred to as:
A. speculative war. B. competitive revaluation. C. a speculative attack. D. competitive devaluation.