Countries with a relatively high stock of skilled labor will have a comparative advantage in producing goods that require relatively larger quantities of skilled labor
a. True
b. False
Indicate whether the statement is true or false
True
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Saving endangered species
A) benefits all people in society without any trade-off. B) must involve the loss of another species. C) may involve a trade-off in terms of the loss of other economic activities. D) requires the government to list those species as common property.
The central bank of a country usually: a. develops and implements fiscal policy
b. develops and implements monetary policy. c. issues debit and credit cards. d. gives loans to the public.
Suppose that consumers decide to save less and spend more. What effect would this have in the market for loanable funds?
A. It will decrease interest rates and the quantity of funds lent will rise. B. It will decrease interest rates and the quantity of funds lent will fall. C. It will increase interest rates and the quantity of funds lent will fall. D. It will increase interest rates and the quantity of funds lent will rise.
A state with "right-to-work" laws would most likely have
A) higher employment levels than neighboring states without such laws. B) more workers' benefits than neighboring states without such laws. C) more union workers than neighboring states without such laws. D) more worker safety requirements than neighboring states without such laws.