Most economists estimate that the U.S. factor of production most likely to be hurt by the formation of the NAFTA is unskilled U.S. labor
Indicate whether the statement is true or false
TRUE
Explanation: One study by Leamer estimates that wages paid to unskilled workers could fall by $1000 while payments to capital and skilled labor should both rise.
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When the Fed purchases government securities, it
A. increases banks' reserves and makes possible an increase in the money supply.
B. decreases banks' reserves and makes possible a decrease in the money supply.
C. automatically raises the discount rate.
D. uses discounting operations to influence margin requirements.
e. has no effect on either the money supply or the discount rate.
The main difference between perfect competition and monopolistic competition is
A) the number of sellers in the market. B) the ease of exit from the market. C) the difference in the firm's profits in the long run. D) the degree of product differentiation.
The amount of interest owed on a loan of $100,000 after a year at an interest rate of 3 percent is:
A. $3,000. B. $30,000. C. $103,000. D. $100,300.
Given a linear demand function of the form QXd = 100 - 0.5PX, find the inverse linear demand function.
A. PX = 200 - 2QX. B. PX = 100 - 0.5QX. C. PX = 100QX - 0.5PX. D. PX = 100 - 2QX.