What is causing South Africa’s youth unemployment problem?
a. Inability to devalue its currency
b. High number of laws restricting hiring and firing
c. High current account deficit
d. Youth lack necessary work skills.
d. Youth lack necessary work skills.
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Refer to Table 2-16. Estonia has a comparative advantage in the production of
A) cell phones. B) both products. C) lumber. D) neither product.
The relationship between output and employment is known as
A) the Phillips curve. B) the Beveridge curve. C) the Diamond paradox. D) Okun's Law.
All of the following are possible funding sources for the government EXCEPT
A) user charges. B) taxes. C) interest income collected from government bonds. D) borrowing.
The basis for international trade is ______________ and ______________.
Fill in the blank(s) with the appropriate word(s).