The costs of unemployment to an individual out of work are larger now than in the 1930s.
Answer the following statement true (T) or false (F)
False
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Refer to the figure below. 
If Row Resorts offers reduced rates, then Column Cruises would receive the highest payoff if it:
A. kept its rates high. B. offered reduced its rates. C. chose either strategy because it will have the same payoff in either case. D. entered into a cartel with Row Resorts and agreed to jointly reduce rates.
A temporary beneficial productivity shock would
A) shift the labor supply curve down and to the right. B) increase the level of employment. C) increase future income. D) increase the expected future marginal product of capital.
Justin never keeps track of the sales and discounts offered in the stores at various times of the year, while his sister does. This implies that Justin has a higher price elasticity of demand than his sister
Indicate whether the statement is true or false
With flexible exchange rates
A. The balance of trade is zero. B. The equilibrium exchange rate is determined in a foreign exchange market. C. All countries will run either a trade surplus or trade deficit. D. Foreign exchange reserves are used to offset balance-of-payment deficits.