Who has regulatory responsibility when a bank operates branches in many countries?
A) It is not always clear.
B) the WTO
C) the U.S. Federal Reserve System
D) the first country to submit an application
A
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If average labor productivity increases, real GDP per person:
A. increases. B. decreases. C. may increase or decrease depending on the change in the share of population employed. D. remains constant.
Leontief found that
A) U.S. exports are capital intensive relative to U.S. imports. B) U.S. imports are labor intensive relative to U.S. exports. C) U.S. exports are neither labor nor capital intensive. D) None of the above.
Suppose the market consists of 3 individuals: Citizen A, Citizen B and Citizen C.
If the good shown on the graphs is a public good, and the marginal cost of the 20th unit is $10, then the optimal quantity of the public good is:
A. 20 units B. less than 20 units. C. zero. D. greater than 20 units.
Figure 10.3 describes the labor market for a manufacturing industry. In the short run, an increase in the price of the good made by the workers will:
A. cause the equilibrium wage and the hours of labor used to increase. B. not have an effect on this market. C. cause the equilibrium wage to increase but will not change the hours of labor used. D. cause the equilibrium wage and the hours of labor used to decrease.