During a recession:
a. Net exports tend to rise.
b. Consumption tends to rise.
c. Net exports remain unchanged.
d. Businesses tend to invest more in new plant and equipment.
e. Inventories tend to fall as businesses sell them off.
.A
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To achieve the efficient amount of use of a common resource, the use should be such that ________ equals ________
A) marginal social cost; marginal private cost B) marginal social cost; marginal social benefit C) marginal social benefit; marginal private cost D) marginal private cost; marginal private benefit
Consider the following statements about the signaling hypothesis of education:
A. The signaling hypothesis of education is based on the idea that college graduates are more productive than non-college graduates. B. The signaling hypothesis of education suggests that firms rely on human capital requirements to ensure worker quality. C. Employers rely on certain signals, such as a college diploma to gauge a potential employee's abilities because it could lower the cost of acquiring information about the person that is not easily observed. Which of the statements above is true about the signaling hypothesis of education?
Which of the following is NOT a primary duty of the U.S. Customs and Border Protection?
A) assessing all duties, taxes, and fees on imported merchandise B) collecting import and export tariffs C) protecting the U.S. from threatening imports D) policing smuggling operations
Refer to the graph below. Assume that D1 and S1 are the initial demand for and supply of dollars. The exchange rate will be:
The graph below shows the supply and demand curves for dollars in the pound/dollar market.
A. $5 equals 1 pound
B. $4 equals 1 pound
C. $1 equals 5 pounds
D. $0.20 equals 1 pound