On January 25, 2009, one U.S. dollar traded on the foreign exchange market for about 49.0 Indian rupees. Thus, one Indian rupee would have purchased about ________ U.S. dollars
A) 0.02
B) 1.20
C) 7.00
D) 49.0
A
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In the figure above, the deadweight loss from the tariff is ________
A) $32 million B) $80 million C) $16 million D) zero
Why do economists study sports teams when looking for evidence of labor-market discrimination?
a. because the salaries paid to professional athletes exhibit the superstar phenomenon, which is highly correlated with discrimination b. because all four United States professional sports leagues (football, basketball, hockey, and baseball) require discrimination studies every five years c. because nonwhites comprise a majority of starters for many professional sports teams d. because the wide availability of performance statistics allows economists to control for individual player productivity in ways that are difficult to do for other types of firms
The main reason the United States' standard of living is higher than that of India and China is that we have more
A. land. B. labor. C. capital. D. money.
The proportion of the adult population that is employed is the:
A. Unemployment rate. B. Employment rate. C. GDP per capita. D. Productivity rate.