Globalization can increase wage inequality in the United States if international competition is primarily in industries requiring ________ workers.
A. few
B. highly-skilled
C. many
D. low-skilled
Answer: D
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If a society relies on competitive markets to allocate goods, then
A) an equitable distribution is assured. B) an equitable distribution is certain to not occur. C) the competitive equilibrium will be Pareto superior to any other. D) social welfare as measured by consumer surplus plus producer surplus will equal zero.
According to the text, studies of 18th century colonial demographics indicate that, compared to Europe,
a. the birthrate in the colonies was lower. b. women in the colonies tended to marry later in life. c. the child mortality rate in the colonies was lower. d. average life expectancy for males in the colonies was lower. e. All of the above.
Which one of the following statements is true?
a. A low discount rate is always better for environmental protection b. A high discount rate is always better for environmental protection c. A discount rate of zero is always best for environmental protection d. Discounting will decrease the magnitude of future costs and benefits e. High discount rates should be used to evaluate long-term impacts
The quantity of Blu-Ray players purchased declined in spite of a decline in price. This implies that the
a. supply curve for Blu-Ray players shifted to the left. b. demand curve for Blu-Ray players shifted to the right. c. demand curve for Blu-Ray players shifted to the left. d. supply curve for Blu-Ray players shifted to the right.