Refer to Figure 18.1. Mutually beneficial terms of trade between the United States and Canada are
A) 1 hang glider for 1/2 of a bicycle. B) 1 hang glider for 1/4 of a bicycle.
C) 1 hang glider for 3 bicycles. D) 1 bicycle for 8 hang gliders.
A
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The table above shows the exchange rates between various currencies and the U.S. dollar. Between 2015 and 2016, the Japanese yen ________ against the U.S dollar and the Euro ________ against the U.S. dollar
A) appreciated; appreciated B) depreciated; appreciated C) depreciated; depreciated D) appreciated; depreciated
Which of the following is a condition that helps enforce a cartel agreement?
A) a large number of firms B) relatively differentiated products C) easily observable prices D) large variation in prices
The Superfund for toxic waste was established for all of the following reasons except one. Which is the exception
a. sites get a lot of media attention b. Superfund sites are more hazardous than other sources of pollution, e.g., fertilizer residues c. the costs of cleanup are concentrated d. political pressure e. none of the above
The discovery and utilization of vast, previously unknown oil and mineral deposits in a country will increase:
A. the unemployment rate. B. average labor productivity. C. the share of the population employed. D. the quantity of human capital.