Which of the following statements is true?
A) Economists are fairly certain that globalization leads to an increased standard of living.
B) During the 1990s, the annual percentage change in output per person was negative in globalized developing countries, but positive in less globablized countries.
C) When it comes to globalization it is generally easier to see the benefits than to see the costs.
D) The benefits of globalization are more visible than the costs, since they tend to be concentrated on a relatively smaller group of people.
A
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If a tariff is imposed on imports of shrimp into the United States, U.S. consumers ________ and the U.S. economy will ________
A) lose; gain B) decrease; lose C) gain; gain D) gain; lose E) gain; be unaffected
The manager of a baseball team wants to hire a new pitcher for $4 million per year. Under what circumstances would it make sense for the team to do so?
What will be an ideal response?
In the market for labor:
A. firms create the supply. B. the price in the market is the interest rate. C. individuals are the sellers of the good. D. there is never disequilibrium.
Historically, which of the following has had the highest average annual rate of return?
A) U.S. Treasury bonds B) corporate bonds C) money market mutual funds D) corporate stocks