Sectoral shifts contribute to structural unemployment
a. True
b. False
Indicate whether the statement is true or false
False
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Mandy saved her allowance to buy a 12 pack of cream soda. When Mandy's brother saw the soda, he took four. Sodas were allocated between Mandy and her brother through
A) force. B) majority rule. C) first-come, first-served. D) sharing equally. E) personal characteristics.
A Cobb-Douglas production function is
A) a production function for the textile industry. B) a particular production function that fits the data well. C) a production function applicable in the service industry. D) the production function that Henry Ford applied in his firm.
Which one of the following statements is the most accurate?
A. An increase in disposable income worsens the current account. B. An increase in disposable income improves the current account. C. An increase in disposable income does not affect the current account. D. An increase in income worsens the current account.
Who does not gain when a tariff is imposed?
A. Domestic producers of the good. B. Domestic workers in the protected industry. C. Domestic consumers of the good. D. Domestic suppliers in the protected industry.