The prices of most services have risen much faster than inflation in recent years because
A. wages and salaries of service providers have risen much faster than inflation.
B. wages and salaries of service providers have risen, but their productivity has not.
C. the productivity of service providers has risen dramatically.
D. the demand for services has risen.
Answer: B
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________ is the measure of the sensitivity of one variable to a change in another
A) Multiplier B) Elasticity C) Amplitude D) Buoyancy
What are the five major channels, which developing countries use to finance their external deficit?
What will be an ideal response?
Suppose we were analyzing the pound per Swiss franc foreign exchange market. If Switzerland's tax level rises relative to England and nothing else changes, then the:
a. The supply of Swiss francs in the foreign exchange market falls, and the demand for Swiss francs in the foreign exchange market falls, causing an uncertain change in the value of the Swiss franc. b. The supply of Swiss francs in the foreign exchange market rises, and the demand for Swiss francs in the foreign exchange market falls, causing an appreciation of the Swiss franc. c. The supply of Swiss francs in the foreign exchange market rises, and the demand for Swiss francs in the foreign exchange market falls, causing a depreciation of the Swiss franc. d. The supply of Swiss francs in the foreign exchange market rises, and the demand for Swiss francs in the foreign exchange market rises, causing an uncertain change in the value of the Swiss franc. e. The supply of Swiss francs in the foreign exchange market falls, and the demand for Swiss francs in the foreign exchange market rises, causing an appreciation of the Swiss franc.
It is only among the least skilled and least experienced members of the labor force that minimum-wage laws cause unemployment
a. True b. False Indicate whether the statement is true or false