Suppose Afghanistan receives monthly gifts of food and other consumption goods from the world's nations. What effect will these gifts have on the Afghanistan’s labor market?
a. The demand for labor will rise.
b. The wage will rise and employment will fall.
c. Fewer jobs will be available and wages will be lower.
d. The gifts will have no effect on the labor market.
b. The wage will rise and employment will fall.
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The fact that output gaps will not last indefinitely, but will be closed by rising or falling inflation is the economy's:
A. income-expenditure multiplier. B. self-correcting property. C. short-run equilibrium property. D. long-run equilibrium property.
A significant feature of developing countries is that they use their labor less efficiently than developed countries
a. True b. False
Which of the following is a characteristic of a real option?
a. The call option on a stock exercised if some average of the prices of its components passes a critical level. b. The right to postpone construction on the basis of net present value calculation. c. The put option on a stock that need to be paid for (at a predetermined price) if they are actually exercised. d. The right to sell an option at the strike price.
If you want to become an actor, and you must join the Screen Actors Guild after your first job, the Screen Actors Guild is a(n)
A) closed shop. B) open shop. C) agency shop. D) union shop.