According to the text, during which time period did the United States have the highest unemployment rates?
A. 2010s
B. 1950s
C. 1930s
D. 1980s
Answer: C
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When compared with China, the growth of clothing exports originating in Bangladesh is the result of
A) the comparative advantage that Bangladesh has in the production of clothing for export. B) the absolute advantage that China has in the production of clothing for export. C) the absolute advantage that Bangladesh has in the production of clothing for export. D) the comparative and absolute advantage that China has in the production of clothing for export. E) the comparative and absolute advantage that Bangladesh has in the production of clothing for export.
What effect would each of the following government actions have on the steady-state growth rate of the standard of living? a. a decrease in income tax rates b. a doubling of the capital gains tax c. a growing budget deficit d
an increase in funding for research and development at public universities
Relative to a fixed franchise fee, sharing contacts in franchising
a. Can decrease shirking b. Can increase shirking c. Always decreases shirking d. None of the above
Suppose a parent company producing sportswear decides take back some formerly franchised outlets and operate them with its own employees. This form of vertical integration will allow the parent company:
a. to practice price discrimination. b. to charge a uniform price for its products across the globe. c. to lower its costs of operation and increase sales. d. to test operating techniques that might make the franchisees bettor competitors.