Governments of market-oriented economies never tamper with the price mechanism.
Answer the following statement true (T) or false (F)
True
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Two firms in an oligopoly can always do better if one firm buys the other.
Answer the following statement true (T) or false (F)
Consider the case of labor outsourcing and labor migration in tradeable goods markets with no barriers to trade.
A. In each country, labor outsourcing will result in the same wage changes as labor migration. B. In each country, labor outsourcing will result in the same employment level changes as labor migration. C. In each country, labor outsourcing will result in the same change in the demand for local public schools as labor migration. D. Both (a) and (b) E. Both (b) and (c) F. Both (a) and (c) G. All of the above. H. None of the above.
In the neoclassical growth model, the rate of technological process is:
a. 2 percent. b. 0 percent. c. exogenous and not explained. d. endogenous and explained by human capital accumulation.
Between 1860 and 1910, output in manufacturing, mining, and railroad freight hauling
a. expanded more rapidly than the labor force in these sectors. b. grew at about the same rate as the labor force in these sectors. c. grew more slowly than the labor force in these sectors. d. expanded, while the labor force in these sectors declined.