According to international comparisons, which nation had the highest hourly pay in U.S. dollar terms in 2011?
A. United States.
B. Germany.
C. Denmark.
D. Sweden.
Answer: D
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Positive neoclassical economists are different from positive behavioral economists in that positive behavioral economists place more value on having models accurately represent people's true happiness.
Answer the following statement true (T) or false (F)
Moving upward along an LM curve, velocity ________ because ________ remains constant while ________ rises
A) rises, real balances, real income B) rises, the interest rate, the price level C) rises, the interest rate, real balances D) falls, real balances, real income E) falls, real income, real balances
In the real world, lump-sum taxes are:
A. perceived as unfair. B. rarely used. C. very efficient. D. All of these statements are true.
Despite the long-term mutual gains from international trade, in the short run
A. particular firms, industries, and groups of workers can be harmed substantially by imports. B. international trade is usually inflationary. C. countries must learn to be self-sufficient. D. most countries realize mutual net losses.