Increasing foreign trade has reduced income inequality because the market expansion effect increases the work opportunities and wages of low-skilled workers.
Answer the following statement true (T) or false (F)
False
Increasing foreign trade has helped those with high skill levels but has not helped low-skilled workers as much, since foreign trade has increased the supply of low-skilled labor.
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If nothing else changes, the ________ the current exchange rate, the ________ is the expected profit from holding dollars, all other things remaining the same
A) higher; larger B) lower; smaller C) lower; larger D) The premise of the question is wrong because the exchange rate has nothing to do with expected profit from holding dollars.
Integration strategies are sometimes collectively referred to as which of the following categories of strategies?
A) Horizontal integration B) Diversification C) Vertical integration D) Stuck-in-the-middle E) Hierarchical integration
The geographic organization of the U.S. Congress into districts _____
a. sometimes encourages and sometimes discourages the representation of special interests depending upon the shape of the size of the government program b. has no relationship to the representation of special interests c. discourages the representation of special interests d. encourages the representation of special interests
All elasticities are measures of responsiveness
Indicate whether the statement is true or false