A depreciation is
A) a decrease in the trade deficit. B) a decrease in the value of currency.
C) an increase in the trade surplus. D) an increase in the value of currency.
B
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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
Authorization in 2009 of increased federal spending on "shovel-ready" infrastructure projects was intended to speed up the macroeconomic impact of the deficit spending by
A. paying for the projects with new taxes approved by Congress. B. paying the entire contracted amount up front. C. carefully designing the projects to save or create the largest possible number of jobs. D. avoiding the lengthy design phase of the projects.
Economists refer to the relationship that a higher price leads to a lower quantity demanded as the _____________.
a. income gap b. market equilibrium c. law of demand d. price model
Economists would argue that the gender wage gap is narrowing because of efficiency wages
a. True b. False Indicate whether the statement is true or false