A compensating differential refers to differences in pay due to
a. productivity levels of workers.
b. signaling differences of workers.
c. nonmonetary characteristics of jobs.
d. All of the above are correct.
c
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A tariff does not raise any revenue for the government if:
A) imports exceed exports. B) exports exceed imports. C) exports equal imports. D) it reduces imports to zero.
Given the information in the table above
A) neither country has a comparative advantage in cloth. B) Home has a comparative advantage in widgets. C) Foreign has a comparative advantage in widgets. D) Home has a comparative advantage in both cloth and widgets. E) neither country has a comparative advantage in widgets.
In the following situation the tax system is Taxable income $1,000 $3,000 $9,000 $27,000 Taxes $100 $200 $400 $800
a. progressive through all levels of income b. proportional throughout all levels of income c. regressive throughout all levels of income d. based on the benefits-received principle e. there is insufficient information to answer the question
The World Bank was created to help finance economic development in poor countries
a. True b. False Indicate whether the statement is true or false