Recall the Application about the impact Chinese imports have on U.S. labor markets to answer the following question(s).This Application addresses the idea that:
A. imports are only beneficial to a community if they are equally matched by exports from that community.
B. imports ultimately have a positive impact on all communities.
C. imports have an equal impact on all communities.
D. imports have a bigger impact on some communities than on others.
Answer: D
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Place point Z on the graph to indicate where the United States economy will most likely operate five years from now if we enjoyed an economic growth rate of 5 percent a year.
The salary of the president of the United States in 2000 was $400,000 . In 1940, the president's salary was $75,000 . If the Consumer Price Index was 8.1 in 1940 and 100 in 2000 . the 1940 presidential salary measured in terms of the purchasing power of the dollar in 2000 would be:
a. less than $75,000. b. less than $400,000. c. approximately $668,850. d. approximately $926,000.
An example of a shortage is limited amounts of
What will be an ideal response?
In the market for euros, an increase in U.S. real interest rates tends to
A. cause no change in equilibrium price. B. increase equilibrium price. C. decrease equilibrium price. D. increase excess demand.