Compared to receiving an equilibrium wage, workers who receive efficiency wages are ________ likely to take actions that will get them fired and are ________ likely to switch jobs
A) more; more
B) more; less
C) less; more
D) less; less
D
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Using a fixed exchange rate to undervalue your currency:
A. will increase your exports. B. will encourage capital flow to countries other than your own. C. makes imports very expensive for your citizens. D. All of these statements are true.
Which of the following is in charge of U.S. aid to foreign countries?
a. International Monetary Fund (IMF) b. Agency for International Development (AID) c. New International Economic Order (NIEO) d. World Bank
Figure 10.1 depicts a firm's marginal revenue product curve. If the product price increases, the marginal revenue product curve:
A. shifts downward. B. shifts upward. C. remains the same. D. None of these
When x increases
A) IS curve shifts to the left. B) IS curve shifts to the right. C) LM curve shifts upward. D) LM curve shifts downward.