Mexico's gains from NAFTA have benefited mostly:
a. unskilled workers.
b. semi-skilled workers.
c. higher-income workers.
d. agricultural workers.
Ans: c. higher-income workers.
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Which statement is true?
A. There was a great deal of stagflation in the 1970s. B. We had the worst recession since World War II in the late 2000s. C. We have had twelve recessions since January, 1945. D. All of the choices are true.
The table above shows output and costs of Evan's Subs, a typical perfectly competitive firm in a local market for sandwiches. Evan's fixed cost is $9 per hour. The current market price of a sandwich is $6. What is Evan's shut-down price?
A) $6 per sandwich B) $4 per sandwich C) $3 per sandwich D) $5 per sandwich
An increase in government purchases will increase aggregate demand because
A) the decline in the interest rate will increase demand. B) the decline in the price level will increase demand. C) consumption expenditures are a component of aggregate demand. D) government expenditures are a component of aggregate demand.
Among non-Hispanic whites, blacks, and Hispanics, the group with the highest poverty rate is ______.
Fill in the blank(s) with the appropriate word(s).