Welfare recipients as a percentage of the US population after the welfare reforms in 1994?
a. True
b. False
A
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Which of the following increases the demand for U.S. union labor?
A) an increase in the minimum wage B) an increase in the demand for imported goods C) new laws that ease immigration restrictions D) All of the above cause an increase in the demand for union labor.
Countries engaged in international trade specialize in production based on
A) relative price levels. B) relative foreign exchange rates. C) comparative advantage. D) the differences in transportation costs.
If the supply of aisle seats equals the supply of middle seats on an airplane, and the demand for aisle seats is _____________ than the demand for middle seats, then the equilibrium price of aisle seats will be ______________ the equilibrium price of middle seats
A) greater; higher than B) less; higher than C) greater; lower than D) less; the same as
All of the following are ways to control currency convertibility EXCEPT ________.
A) import licenses B) multiple exchange rates C) import deposits D) purchasing power parity