The voluntary relocation of employable migrants from low-paying nations to high-paying nations reduces:
A. wage rate disparities among nations.
B. business or capitalist income in the world.
C. labor productivity in the world.
D. total wage income in the world.
Answer: A
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The central issue in the stabilization policy debate is
A) the effectiveness of monetary policy and fiscal policy. B) the effectiveness of fiscal policy, but not monetary policy. C) the role of money in the inflationary process. D) the location of the sources of economic instability in the economy.
Which of the following individuals is responsible for developing the permanent income theory of consumption?
A) Friedman B) Modigliani C) Keynes D) Lucas
Channeling funds from individuals with surplus funds to those desiring funds when the saver does not purchase the borrower's security is known as
A) barter. B) redistribution. C) financial intermediation. D) taxation.
Germany and __________ are two major banking-oriented systems
A) the United Kingdom B) Japan C) France D) the United States