Under bilateral? monopoly, the wage rate is
A. indeterminate.
B. higher than the competitive wage rate.
C. equal to the competitive wage rate.
D. lower than the competitive wage rate.
Answer: A. indeterminate.
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A seasonal binary (or indicator or dummy) variable, in the case of monthly data,
A) is a binary variable that take on the value of 1 for a given month and is 0 otherwise. B) is a variable that has values of 1 to 12 in a given year. C) is a variable that contains 1s during a given year and is 0 otherwise. D) does not exist, since a month is not a season.
The French production possibilities curve shifts to the right when there is
a. a decrease in the French capital stock b. a decrease in the French labor supply c. high unemployment in France during the previous period d. only consumer goods production in France during the previous period e. technological innovation in the production of French goods
Many service-sector jobs in the United States have moved to other countries where these jobs are done at a fraction of the cost. The outsourcing of jobs overseas is heavily debated by politicians, policy makers, and economists in the United States
Based on your understanding of trade and the benefits and losses from trade, how do you think outsourcing affects social surplus in the domestic economy?
Suppose General Motors issues a four-year bond with a face value of $20,000 that pays an annual coupon payment of $600. What is the interest rate that General Motors is paying on the borrowed funds?
a. 12% b. 6% c. 15% d. 3%