Cheap talk works at placing workers in the right job as long as
A) the interests of the worker and the firm coincide.
B) all workers want the most demanding jobs regardless of their abilities.
C) workers have different ability levels that are unknown to firms.
D) firms are not profit maximizers.
A
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On the graph above, for a while after t = 0, the growth rate of technology is ________ the growth rate prior to time zero, and ________
A) below; falling B) below; rising C) above; constant D) above; falling
In recent decades, other countries have:
a. caught up to the U.S. in several important economic arenas b. surpassed the U.S. in several important economic arenas c. both of the above are true
If a reduction in stock prices reduces the real wealth of Americans, the
a. aggregate demand curve will shift to the left. b. long-run aggregate supply will shift to the left. c. general price level will increase. d. aggregate demand curve will shift to the right.
When can a country gain a price advantage on imports by imposing a tariff?
A. When it is the largest country with absolute advantage in all goods B. When it has a comparative advantage in the production of all goods C. When it can do so without other countries retaliating with tariffs D. When trade agreements prohibit quotas but permit tariffs