The most potent argument against globalization is that _____________.

Fill in the blank(s) with the appropriate word(s).


workers in poorer countries are exploited to produce goods shipped to relatively rich countries

Economics

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Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________. 

A. Rising; A B. Falling; A; C C. Falling; B: C D. Rising; A; C

Economics

What adjusts to restore general equilibrium after a shock to the economy?

A) The LM curve B) The IS curve C) The FE line D) The labor supply curve

Economics

The Ricardian notion that of diminishing returns implies that

a. as more input is used more output will be made. b. as more input is used less output will be made. c. as more input is used the increase in output will increase. d. as more input is used the increase in output will decrease.

Economics

If the graph shown is displaying a competitive market and the market is currently offering a wage more than P*:


A. there would be a surplus of workers who want to work at that wage.
B. there would not be unemployment in the market.
C. firms would have a hard time finding workers.
D. equilibrium would be achieved.

Economics