All other things unchanged, a decrease in the value of the dollar against the euro _______ U.S. net exports and shifts the aggregate demand curve to the _______.
A. increases, right B. decreases, right C. increases, left D. decreases, left
A) increases; right
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For twenty years, Jim was a customer service representation at a call center in Minnesota. In order to save money, his firm moved the call center to India and laid off Jim two years ago. Jim has been unable to find a similar job anywhere
Jim's unemployment is best classified as A) cyclical. B) competitive. C) structural. D) frictional. E) transported.
Which of the following is a non-price determinant of demand?
A) income B) tastes and preferences C) prices of related goods and services D) All of the above are correct.
Which is the most accurate statement?
A. Collective bargaining negotiations usually end as a strike. B. Most strikes cause devastating economic disruption. C. The firm with the least ability to withstand a strike would be a service firm.
According to Prebisch and other ISI theoreticians, countries should begin to shift their comparative advantage away from primary commodity production by first producing
A) industrial goods such as pumps and generators. B) complex consumer goods such as autos and appliances. C) simple consumer goods such as food products and textiles. D) minerals and agricultural products.