Which would help resolve structural stagnation?
A. Productivity rises
B. Productivity falls
C. Domestic exchange rates rise
D. Domestic wages rise
Answer: A
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Which of the following would result in a higher real wage rate and a greater level of employment in the United States?
A) an increase in the supply of capital in the United States B) more liberal U.S. immigration policies C) an increase in the U.S. population D) all of the above
Which of the following observations concerning price discrimination is true?
A. It only occurs in monopolies. B. It is easier for a monopolist than for a firm that is affected by competition. C. It means that sales to all customers are equally profitable. D. It is considered as a bad business practice under all circumstance.
If Bank A borrows from Bank B, reserves in the banking system __________. If Bank A borrows from the Fed, reserves in the banking system __________
A) rise; fall B) fall; remain unchanged C) remain unchanged; remain unchanged D) remain unchanged; rise E) rise; remain unchanged
Suppose your friend is strong on defense and insists that we must bolster our national defense, whatever the cost. How can you use economic logic to make him or her aware of the opportunity costs associated with his or her objective?