Which of the following is an outcome of prolonged unemployment?
a. An improvement in labor skills
b. An increase in the inflation rate
c. A rise in potential GDP
d. A fall in potential GDP
e. An increase in the size of the labor force
d
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Currently tire producers must receive a price of $50 per tire to produce 5000 tires. If the supply curve of tires is upward sloping, then to produce one additional tire, tire producers will need to receive a price of
A) $50. B) less than $50. C) more than $50. D) $0.
The major problem with using strawberries as money is the problem of
a. homogeneity b. divisibility c. portability d. durability e. scarcity or abundance
Since World War II, world trade has
A) decreased in importance as nations turn inward due to security concerns. B) increased, but not as dramatically as annual world real GDP has climbed. C) risen sharply, outpacing gains in annual world real GDP. D) increased in relative importance for most nations, but not for the United States.
Describe China's reform path, including the forces that started China's reform efforts and how they continued through the 1980s and early 1990s
What will be an ideal response?