Backloaded compensation makes the wage profile increase at a decreasing rate
Indicate whether the statement is true or false
True
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The purchasing of at least twenty percent of a firm in another country or starting up a new enterprise in a foreign country is referred to as foreign direct investment (FDI).
Select whether the statement is true or false. A. True B. False
Suppose that a new drug has been approved to treat a life-threatening disease. The demand for that drug is shown on the accompanying graph. Prior to approval of this drug, the only treatment for this condition was any one of several non-prescription, or over-the-counter, pain relievers. The demand for one brand of the several non-prescription pain relievers is also shown on the graph.
At a price of $15 (the price at which the two demand curves intersect), the price elasticity of demand for the new drug is ________ the price elasticity of demand for the over-the-counter pain reliever.
A. greater than B. the same as C. the reciprocal of D. less than
What happens to equilibrium price when simultaneously the demand curve shifts left and the supply curve shifts right?
A. Equilibrium price will increase. B. Equilibrium price will decrease. C. Equilibrium price will remain the same. D. Equilibrium price may increase, decrease, or remain the same depending on the magnitude of the shifts in demand and supply.
When overall production is taken into account, trade restrictions, such as those enacted by the Smoot-Hawley trade bill,
a. save good paying jobs. b. neither create nor destroy jobs; they reallocate them. c. increase employment in the domestic industries that are most productive. d. reduce imports, without affecting the volume of exports.