The average duration of unemployment tends to be longer, the higher the unemployment rate
a. True
b. False
Indicate whether the statement is true or false
True
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Refer to Figure 14-2. Now suppose that the government delays Xenophone's entry and Gigacom moves first, what is the likely outcome in the market?
A) Both offer DSL internet service; Xenophone earns a profit of $8 million and Gigacom earns a profit of $7 million. B) Xenophone offers internet service via cable line and earns a profit of $4 million while Gigacom offers DSL internet service and earns a profit of $4.5 million. C) Xenophone offers DSL internet service and earns a profit of $5 million while Gigacom offer internet service via cable line and earns a profit of $6.5 million. D) Both offer internet service via cable line; Xenophone earns a profit of $6 million and Gigacom earns a profit of $9 million.
The broadest indication of economy-wide inflation is captured by the
A) Consumer Price Index. B) Gross Domestic Product (GDP) deflator. C) Producer Price Index. D) Personal Consumption Expenditure Index.
One reason the Chinese buy a great deal of U.S. government debt is because:
A. they have dollars left over from the sale of their goods to the U.S. and want to buy something dollar denominated. B. the risk involved is lower for U.S. government bonds than for any other government bond in the world. C. the rate of return for U.S. government bonds is higher than any other investment. D. owning US debt is a sign of economic prosperity for China.
The WTO authorized several countries to impose about $150 million in trade sanctions against the United States in retaliation for a U.S. import law that the WTO ruled to be illegal. The organization that issued this ruling against the United States is known as the:
A. Wealth Technology Order. B. Wage Tariff Objective. C. Welfare Tax Order. D. World Trade Organization.