How can we use the information from the table shown to compare the real value of the 1979 salary to that of the one earned in 2009?
A. You can see that the salary has increased from $43,265 to $170,844.
B. You need to put the 2009 salary into real 2009 terms to compare it to 1979.
C. You need to put both salaries into real dollars in the same year for comparison.
D. There is no real way to compare the two without more information.
C. You need to put both salaries into real dollars in the same year for comparison.
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Use the following graph to answer the next question.
If the industry were served by a pure monopoly, the deadweight loss would be the area ________.
A. ACE B. AEF C. ACB D. This can't be determined with the information provided in the graph.
Suppose the Fed wants to fix the U.S. dollar/Mexican peso rate at 11 pesos per dollar under a fixed exchange rate policy. If the exchange rate falls to 10 pesos per dollar, the Fed can
A) buy dollars. B) sell dollars. C) attempt to freeze all sales of dollars. D) any of the above actions could take place.
Which statement concerning President Nixon's wage and price controls is not true?
a. They were designed to control inflation . b. As soon as they were lifted, their impact on the economy proved to be ineffective. c. They prohibited wage and price increases for 90 days. d. They were voluntary. e. They distorted free market signals.
Which of the following is (are) factors affecting the constant in gravity equation estimates?
I. tariffs and quotas II. customs' issues and finance and currency issues III. administrative barriers to trade a. I b. II c. III d. I, II, and III