A nominal value is measured:

A. by indexing.
B. using the consumer price index.
C. in terms of current dollar value.
D. in physical terms.


Answer: C

Economics

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Which of the following is the most likely reason the age-earnings profile is steeper for immigrants than it is for natives in the United States for ages 20 to 45?

A. Immigrants have less leverage in negotiating wage increases. B. Immigrants under the age of 45 must earn more money in order to pay for the legal expenses associated with becoming a citizen. C. The minimum wage does not apply to immigrants until they have resided in the United States for three years. D. Immigrants under the age of 45 tend to remit a large portion of their earnings to their relatives who did not immigrate. E. Immigrant wages increase rapidly when they first come to the United States and begin developing stronger English skills.

Economics

Developing countries do:

A. compete with one another for foreign investment, and this competition reduces the benefits from foreign investment. B. not compete with one another for foreign investment, because they have sufficient domestic saving to finance their investment needs. C. not compete with one another for foreign investment, because they lack the infrastructure to attract it in the first place. D. compete with one another for foreign investment, but this competition is beneficial to developing countries because it insures a more efficient allocation of resources.

Economics

Refer to the information provided in Figure 19.1 below to answer the question(s) that follow.  Figure 19.1 Refer to Figure 19.1. The payroll tax imposed initially

A. reduced the equilibrium wage rate by $3 per hour. B. did not change the equilibrium wage rate. C. reduced the equilibrium wage rate by $5 per hour. D. increased the equilibrium wage rate by $3 per hour.

Economics