The globalized AS/AD model takes trade into account, while the standard AD/AS model does not.
Answer the following statement true (T) or false (F)
True
The globalized model accounts for trade by adding the world supply curve.
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In the United States, from 1980 to 2011, the percentage of
A) part-time workers who are part time for noneconomic reasons has increased significantly to over 30 percent. B) part-time workers who are part time for noneconomic reasons has risen during recessions and fallen during expansions. C) part-time workers who are part time for economic reasons has increased significantly to over 30 percent. D) part-time workers who are part time for economic reasons has risen during recessions and fallen during expansions. E) None of the above answers is correct.
According to the search model, a computerized used car search service should
a. reduce the amount of search b. not affect the amount of search c. increase price dispersion d. reduce price dispersion e. lower the marginal benefit of search
After hiring a new employee, a manager finds that the total output has increased. When the manager hires another employee however, he realizes that although the total production has increased, the increment is less than the previous case. This is the result of:
a. diseconomies of scale. b. a general economic downturn. c. diminishing marginal returns. d. the lack of skills of the two new employees. e. constant returns to scale.
Without the presence of international organizations such as the World Bank, the United Nations, and the WTO, transfers of funds from rich to poor countries would not exist in an ongoing manner
a. True b. False Indicate whether the statement is true or false