What can be said about the comparison between the unemployment benefits offered in Europe and in the United States?
a. Unemployment benefits tend to be lower in Europe and are offered for shorter periods than in the United States
b. Unemployment benefits tend to be higher in Europe and are offered for shorter periods than in the United States
c. Unemployment benefits tend to be lower in Europe and are offered for longer periods than in the United States
d. Unemployment benefits tend to be higher in Europe and are offered for longer periods than in the United States
e. Unemployment benefits in Europe and the United States tend to be of similar magnitude and are offered for similar periods.
D
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What effect would an increase in the price of pork have on the demand for beef?
A) It would decrease the demand for beef. B) It would decrease the demand for beef only if the demand for beef is elastic. C) It would increase the demand for beef. D) It would increase the demand for beef only if the demand for beef is inelastic. E) It would have no effect, because a change in price affects only the quantity demanded, not the demand.
A possible advantage of a horizontal merger for the economy is that
A) the government stands to collect more corporate income tax revenue. B) the merged firm might reap economies of scale which could translate into lower prices. C) the merging firms could avoid losses. D) the degree of competition in the industry will be intensified.
What impact does monetary policy have on the long-run Phillips curve?
A) Monetary policy shifts the long-run Phillips curve to the right or left, depending on whether monetary policy is expansionary or contractionary. B) Monetary policy can only shift the long-run Phillips curve to the right. C) Monetary policy can only shift the long-run Phillips curve to the left. D) Monetary policy has no impact on the long-run Phillips curve.
The capital account is the sum of the merchandise, services, and unilateral transfers accounts
a. True b. False Indicate whether the statement is true or false