If labor is immobile between two countries, changes in relative demand for goods and services may pose major economic problems
A) whether exchange rates are flexible or fixed.
B) but the problems will not be as significant as they would be if labor were mobile.
C) when exchange rates are flexible, but not when they are fixed.
D) when exchange rates are fixed, but not when they are flexible.
D
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Tiffany has just graduated from Stanford University and has applied for a job as an engineer at a manufacturing plant. The manufacturer decides to offer Tiffany a job because it perceives she's gained valuable skills while at Stanford. To which of the following views of education does the manufacturer subscribe?
a. signaling b. human-capital view c. compensating-differentials d. superstar
Figure 10-9
Figure 10-9 shows supply and demand conditions in a perfectly competitive industry and for a firm in that industry. Assume the industry initially has supply curve S1 and demand curve D1. If demand shifts to D2, then in the short run price will
a.
rise to A.
b.
rise to some level between A and B.
c.
remain at B.
d.
fall to C.
(a) Fill in Table. (b) Is the firm a perfect or an imperfect competitor? Explain. (c) If the wage rate were $220, how many workers would be hired? How much would the total wage bill come to? (d) If the wage rate were $100, how many workers would be hired? How much would the total wage bill come to? (e) How many workers would be hired if the wage rate were $50? (f) How many workers would the firm want to hire if the wage rate were $0?
Refer to Table 9-3. What is the value of the bank's net worth?
A) $200 million B) $2,000 million C) $2,800 million D) $3,000 million