Which of the following will not contribute to higher wage rates for labor?
a. increased unionization and decreased nonunionization of employees in the economy
b. a rapid increase in the demand for labor
c. significantly relaxed immigration standards
d. increases in technological advances that are substitutes for labor
c
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The above figure shows the AE curve and 45° line for an economy
a. If real GDP equals $10 trillion, how do firms' inventories compare to their planned inventories? b. If real GDP equals $20 trillion, how do firms' inventories compare to their planned inventories? c. What is the equilibrium level of expenditure? Why is this amount the equilibrium?
An example of U.S. foreign direct investment would be a:
A. factory in Canada owned by a U.S. citizen. B. factory in Japan owned by a Canadian citizen. C. factory in New Mexico owned by a Japanese citizen. D. All of these are examples of foreign direct investment.
Which of the following is not a form of poverty assistance?
a. in-kind transfers b. cash assistance c. life-cycle wealth d. negative income taxes e. Medicaid
Compared to countries with less economic freedom, countries with more economic freedom
a. achieve higher per person income levels, but they also have higher poverty rates. b. grow more rapidly, but the income levels of the poor are largely unaffected by the higher growth rates of the freer economies. c. achieve both higher income levels per person and lower rates of poverty. d. grow less rapidly and experience higher poverty rates.