Capital inflows are desirable because they increase investment in a country
Indicate whether the statement is true or false
TRUE
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Labor expenditures associated with carrying out an abatement process are considered to be part of
a. capital costs b. fixed costs c. operating costs d. implicit costs e. none of the above
Refer to Figure 14.1. The substitution effect of the wage increase on the amount of hours of leisure is:
A) L1 to L0 B) L1 to L2. C) L0 to L2. D) L0 to L1. E) none of the above
If Chinese consumers want to buy US goods, they will
a. buy Yuans to sell US Dollars b. Sell Yuans to buy US Dollars c. Demand Yuan d. Both b and c
Adam is looking for a job in marketing. He has had some offers and his prospects are promising, but he has not yet accepted a job. Amanda lost her job working for Mercury Bicycles because many customers decided they prefer bicycles manufactured by Ultimate Bicycles instead. Who is frictionally unemployed?
a. Adam but not Amanda b. Amanda but not Adam c. both Adam and Amanda d. neither Amanda nor Adam