________ are one source of involuntary unemployment during recessions
A) Downwardly rigid wages B) Lower corporate tax rates
C) Flexible wages D) Higher income tax rates
A
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If a nation is incurring a trade deficit (it is buying more from abroad-importing, than it is selling abroad-exporting), then it is most likely producing beyond the frontier of its production possibilities curve.
Answer the following statement true (T) or false (F)
If the hourly wage of U.S. workers is $16, the hourly wage of Mexican workers is $2, and U.S. workers produce 9 times as much output per hour as Mexican workers, then, all else equal, it would be efficient to locate production facilities in:
A. Mexico since the cost per unit of output will be higher. B. the United States since the cost per unit of output will be lower. C. Mexico since the cost per unit of output will be lower. D. the United States since the cost per unit of output will be higher.
What do most economists believe about international trade?
a. It benefits all participants with no one harmed in the country. b. It benefits only big corporation but harms everyone else in a country. c. It benefits the majority of people but some people are harmed. d. It benefits no one and harms many people in the economy.
The impact on the foreign exchange market for dollars resulting from the Fed selling euros will be:
A. an increase in the supply of dollars. B. a decrease in the supply of dollars. C. a decrease in the interest rate in the U.S. D. a decrease in the demand for dollars.