An argument in favor of free trade is that trade barriers prevent a nation from reaping the benefits of specialization.
Answer the following statement true (T) or false (F)
True
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Which of the following statements is true?
A) If households expect higher taxes in the future, they will decrease their current savings rate. B) The savings rate of households is dependent only on current consumption expenditure. C) The savings rate of households is dependent only on consumption expenditure planned for the future. D) If households expect higher taxes in the future, they will increase their current savings rate.
If 100 Japanese yen buy more U.S. dollars today than yesterday, the dollar has ________ and the yen has ________
A) depreciated; appreciated B) appreciated; depreciated C) depreciated; depreciated D) appreciated; appreciated
What elements does an economically sensible solution to limiting greenhouse-gas emissions to prevent excessive global warming include? Explain each of these briefly.
What will be an ideal response?
Which of the following methods could be used by an employer to align the incentives of an employee with its own interests?
a. Paying market wages b. Paying efficiency wages c. Signaling d. Partially outsourcing human resource functions