A firm hiring only MBAs, regardless of the self-professed skill set is an example of
a. Screening mechanism
b. Signaling mechanism
c. Way to waste money
d. None of the above
a
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The unemployment rate never falls to ________________ percent.
a. three b. five c. zero d. one
Deregulation has dramatically decreased airline safety
a. True b. False Indicate whether the statement is true or false
Which of the following appropriately applies the law of comparative advantage?
a. Countries with small amounts of labor relative to capital should specialize in producing labor-intensive commodities. b. Since Mexican labor is cheaper than American labor, trade between the countries results in exploitation of American workers. c. Since workers in countries such as the United States utilize larger amounts of capital than workers in less developed nations, trade between capital-rich and capital-poor nations results in the exploitation of labor in the less developed countries. d. Countries that are low cost producers of agricultural products should trade those products for goods they can produce only at a high opportunity cost.
Assume that the central bank purchases government securities in the open market. If the nation has highly mobile international capital markets and a flexible exchange rate system, what happens to the quantity of real loanable funds per time period and net nonreserve-related international borrowing/lending in the context of the Three-Sector-Model?
a. The quantity of real loanable funds per time period falls, and net nonreserve-related international borrowing/lending becomes more negative (or less positive). b. The quantity of real loanable funds per time period and net nonreserve-related international borrowing/lending remain the same. c. There is not enough information to determine what happens to these two macroeconomic variables. d. The quantity of real loanable funds per time period falls, and net nonreserve-related international borrowing/lending becomes more positive (or less negative). e. The quantity of real loanable funds per time period rises, and net nonreserve-related international borrowing/lending becomes more negative (or less positive).