Refer to the Article Summary. In Mexico, many educated workers are leaving the country, but in some countries, less-educated workers are the primary workers who leave
Should an outflow of workers leave a country with a smaller but more productive workforce and the capital per hour worked does not change, there would be ________ the per-worker production function in that country.
A) a movement down B) a movement up
C) an upward shift of D) a downward shift of
C
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All of the following are possible explanations for why it took so long for trade balances to respond to the depreciation of the dollar EXCEPT
A) the prior increase in the value of the dollar had padded the profit margins of foreign producers. B) foreign trade barriers made it impossible for the United States to substantially expand exports it bought. C) there were still impacts from earlier appreciations working through the system. D) exports began to increase from a much lower base than imports. E) None of the above. That is, A, B, C, and D are all correct.
To differentiate between nominal GDP and real GDP in the year 2000 we need to know all except
a. the quantity of goods produced in 2000 b. the price level in 2000 c. the quantity of goods and services produced in the base year d. the quantity of services produced in 2000 e. the price level in the base year
The effect of a tariff is
A) an increase in consumers' surplus. B) a decrease in producers' surplus. C) an increase in tariff revenues for government. D) b and c E) all of the above
A divisive society is one in which members of society work together for the common good
Indicate whether the statement is true or false