Which of the following efficiency wage models centers on the morale of a firm's workers? The
a. shirking model.
b. gift exchange model.
c. turnover model.
d. None of the above
B
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According to the U.S. Robinson-Patman Act of 1936, price discrimination
A) is always illegal. B) is legal unless it harms competition. C) may be used to drive rivals out of business. D) can only be justified if the price discrimination is due to actual cost differences.
In general, autonomous spending increases have a lower multiplier effect on real GDP when the economy is open to international trade
a. True b. False Indicate whether the statement is true or false
If a "liberal" wanted to decrease aggregate demand, which of the following would she tend to favor?
a. An increase in government spending, because it will increase the size of the public sector. b. A decrease in government spending, because it keeps the public sector small. c. An increase in transfer payments, because it has a larger multiplier than tax changes. d. An increase in taxes, because it makes the public sector larger.
You are the Minister of Trade for a small island country with the following annual PPC:
You are negotiating a trade agreement with a neighboring island with the following annual PPC: 
Both islands specialize exclusively in the product for which they have a comparative advantage. You have agreed to give 350 coconuts to the other island in exchange for 1,300 fish. After the trade the other island has a total of ________ coconuts and ________ fish.
A. 350; 1,200 B. 500; 1,200 C. 350; 1,500 D. 850; 1,200