The disruption caused by international trade is fundamentally different from all the other disruptions caused by the other workings of a market economy.
Select whether the statement is true or false.
A. True
B. False
B. False
This statement is false. The disruption caused by international trade is not fundamentally different from all the other disruptions caused by the other workings of a market economy.
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(Consider This) If the law of diminishing returns applies to study time:
A. the tenth hour of study will likely be less productive than the third. B. this implies that longer lectures are less productive than shorter ones. C. there is no benefit to studying a subject more than five hours in any given day. D. people with less intelligence necessarily experience diminishing returns sooner than those with greater intelligence.
Assume that the coefficient of elasticity of product demand is 0.5 in industry A and is 3.2 in industry B. Other things equal, labor demand will be:
A. more elastic in industry A than in B. B. relatively elastic in both industries A and B. C. more elastic in industry B than in A. D. relatively inelastic in both industries A and B.
In 2008, foreclosures reached a record high. Which of the following is NOT a possible reason for foreclosures?
A) Many mortgages were initiated without a down payment. B) Many mortgages were initiated on secondary and investment homes. C) Some mortgages were adjustable rate mortgages which might have dramatically increased monthly payments for some. D) Property values were increasing too fast.
Reserves borrowed at the federal funds rate are usually repaid ________.
A. in one year B. the next day C. at the end of the month D. in five years