The Todaro model suggests that rural urban migration depends on
a. the gap between rural and urban wages
b. the gap between rural and urban wages modified by the likelihood of obtaining a job in the city
c. the gap between rural and urban wages modified by the likelihood of having a family member alreadyin the city
d. the gap between rural and urban wages modified by government-provided employment possibilities inthe city
e. none of the above
B
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Kiwis and strawberries are substitutes for consumers. An increase in the price of a kiwi coupled with an increase in the number of strawberry growers ________ the equilibrium price of a pound of strawberries and ________ the equilibrium quantity of
strawberries. A) raises; increases B) lowers; probably changes, but more information is needed to determine if it increases or decreases C) lowers; increases D) probably changes, but more information is needed to determine if it rises or falls; increases E) raises; probably changes, but more information is needed to determine if it increases or decreases
Using the information in the table above, calculate the unemployment rate
A) 53.3 percent B) 30.8 percent C) 13.3 percent D) 7.7 percent
Table 7.2 contains price, demand, and cost data for the Capri Theater, the only first-run movie theater in a small town. What is its profit from non-students under the single price policy?
A. $300 B. $360 C. $450 D. $540
The International Monetary Fund was created
A. in the aftermath of World War II to help nations move off of the gold standard. B. to collect money from member countries that were running balance of payments deficits. C. in 1945 by the Bretton Woods Agreement. D. in 1971 when President Richard Nixon signed the Bretton Woods Agreement.