The increase in wage inequality resulting from globalization can be reversed through:
A. decreases in worker mobility.
B. revoking the principle of comparative advantage.
C. making markets more competitive.
D. increases in worker mobility.
Answer: D
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Which of the following is an example of using money as a store of value?
A) paying for a new dress with a credit card B) paying cash for a new automobile C) paying rent with a check on a demand deposit D) keeping $200 on hand for an emergency
A person buys a newly issued bond that matures in 6 years with a face value of $1,000 and a coupon rate of 2.5%. How much money will the bondholder receive in the sixth year?
A. $1,025. B. $1,250. C. $1,000. D. $25. E. $975.
The two year time period it will take a company to build a new factory is an example of what?
a. short-run b. long- run c. diminishing marginal returns d. implicit costs
In a monopolistically competitive industry, good product substitutes are available whereas in a monopoly they are not available.
Answer the following statement true (T) or false (F)