The number of people officially unemployed is not the same as the number of people who can't find a job because:
a. people who have jobs continue to look for better ones.
b. the armed forces is included.
c. discouraged workers are not counted.
d. none of these.
c
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More of a tax is borne by firms:
A. the more elastic is demand and the less elastic is supply. B. the less elastic is demand and the less elastic is supply. C. the more elastic is demand and the more elastic is supply. D. the less elastic is demand and the more elastic is supply.
Currently, China and India are growing much faster than the United States and Western Europe. This high rate of growth will eventually and naturally slow down in the future because:
a. China and India will exhaust their natural resources. b. Actually, there is no economic reason for China and India's growth rates to fall in the future. c. Current account surpluses will eventually cause capital flight from these nations which will lower the value of their currency and reduce their growth rates. d. Consumption will increase and crowd out investment spending. e. Diminishing returns will eventually set in.
If the cost of a typical basket of goods in the U.S. is $100 and in Mexico it is 800 pesos, and the nominal exchange rate is 25 pesos per dollar, what is the real exchange rate?
A. 1.33. B. 3.13. C. 0.33. D. 1.50.
If Happy Cleaners and Sparkle Cleaners are in a Cournot oligopoly, the Cournot equilibrium will ________.
A) occur at a point on Happy Cleaners' best-response curve, but not Sparkle Cleaners' best-response curve B) provide an incentive for both firms to adjust their output C) occur at the intersection of Happy Cleaners' and Sparkle Cleaners' best response curves D) only occur if Happy Cleaners and Sparkle Cleaners form a cartel