Refer to Table 2.3. Nominal GDP in 2007 is
A) $320.63.
B) $490.00.
C) $568.00.
D) $1282.50.
B
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A decline in the price of a bond causes the yield of the bond to
A) rise. B) fall. C) remain unchanged. D) rise if it's a short-term bond, fall if it's a long-term bond.
If we move along a production possibilities curve and choose more of one type of good, the opportunity cost is measured in terms of the amount of the other good that is given up
Indicate whether the statement is true or false
The North American Free Trade Agreement is likely to lead to
a. decreased employment in some U.S. industries. b. decreased employment in all U.S. industries. c. increased employment in all U.S. industries. d. no changes in U.S. employment.
After adjusting for institutional factors, economists have found that:
A. institutional factors explain some of the lower pay that women receive, but workplace discrimination also appears to play a role. B. workplace discrimination explains all of the pay difference between men and women. C. institutional factors explain all of the pay difference between men and women. D. there is no discrimination; all of the pay difference between men and women can be explained by differences in education and experience.