During the recession witnessed in early 2001, many firms laid off their employees and downsized. The reason for this decrease in the demand for employees was:
a. a reduction in the demand for final goods.
b. a reduction in the prices of final goods.
c. an increase in the demand for final goods.
d. an increase in the prices of final goods.
e. the incompetency and poor performance of the employees.
a
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Migration of educated individuals from developing- to developed countries is referred to as the
a. survival of the fittest b. demographic transition c. disguised unemployment d. brain drain e. none of the above
Both France and the United Kingdom successfully used exchange-rate targeting to lower inflation in the late 1980s and early 1990s by tying the value of their currencies to the
A) U.S. dollar. B) German mark. C) Swiss franc. D) Euro.
Most economists agree that ________ are the single most important source of productivity improvements.
A. increases in physical capital B. discoveries of natural resources C. technological advances D. increases in human capital
A technological advancement has just occurred in the phone camera industry. In the computer chip market this will lead to
A) an increase in price and a decrease in quantity. B) an increase in price and an increase in quantity. C) a decrease in price and a decrease in quantity. D) a decrease in price and an increase in quantity.