In the classical model, what occurs if a wage of $20/hour results in unemployed workers?
A) The wage rate will drop, more workers will be hired, and the unemployment rate falls.
B) Producers will quickly create more jobs and hire the unemployed workers, so unemployment is short-lived.
C) The workers will go on strike to demand that more jobs be created.
D) The government will step in and order firms to hire more workers.
A
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Refer to the figure below. Moving from demand curve D1 to demand curve D2 could be caused by a(n): 
A. increase in the price of a complement. B. decrease in the product's expected future price. C. increase in the price of a close substitute. D. increase in quantity supplied.
If nation-states are able to extend effective control over ocean resources from 3 miles to 200 miles off their coasts, valuable marine animals are more likely to be harvested
A) at a rate consistent with their long-run preservation. B) at a rate inconsistent with their long-run preservation. C) too rapidly for maximum net benefit. D) too slowly for maximum net benefit. E) up to the point of extinction.
The largest recipient of remittances in dollars in the year 2008 was:
(a) India. (b) Mexico. (c) Pakistan. (d) Philippines.
Positive analysis of economic policy
A) examines the economic consequences of policies but does not address the question of whether those consequences are desirable. B) examines the economic consequences of policies and addresses the question of whether those consequences are desirable. C) generates less agreement among economists than normative analysis. D) is rare in questions of economic policy.