We are running a merchandise trade balance _____ and a services trade balance ________.
A. deficit; deficit
B. surplus; surplus
C. surplus; deficit
D. deficit; surplus
D. deficit; surplus
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Suppose the California Nurses Union successfully secured a 12 percent increase in the wages of registered nurses
If a hospital responds by reducing the quantity of registered nurses hired and increasing the quantity of physician's assistants hired, what conclusion can you draw? A) The price elasticity of demand for registered nurses is negative while the price elasticity of demand for physician's assistants is positive. B) The cross-price elasticity of demand between registered nurses and physician's assistants is negative. C) Physician's assistants are more valuable in terms of their productivity. D) The cross-price elasticity of demand between registered nurses and physician's assistants is positive.
The total value of production from Ford's manufacturing plant in Cologne, Germany would be included in Germany's gross national product
Indicate whether the statement is true or false
An unexpected rise in the growth rate of the CPI should send bond prices __________ and stock prices __________
A) up; up B) up; down C) down; up D) down; down
Refer to Figure 8.3. Holding other variables constant, a decrease in income taxes accompanied by an increase in the skill level of workers will result in a
A) shift from curve D1 to curve D2 and a shift from curve S1 to curve S2. B) shift from curve D2 to curve D1 and a shift from curve S1 to curve S2. C) shift from curve D1 to curve D2 and a shift from curve S2 to curve S1. D) shift from curve D2 to curve D1 and a shift from curve S2 to curve S1.