Usually the removal of trade barriers affecting a particular good benefits ________ people domestically, each of whom gains a ________
A) a few; little
B) a few; lot
C) many; little
D) many; lot
C
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Which of the following does not describe a characteristic of short-term economic fluctuations?
A. Expansions and recessions are felt in only a few sectors of the economy. B. The unemployment rate rises during recessions. C. Durable-goods industries are more sensitive to short-term fluctuations than service and non-durable industries. D. Expansions and recessions are irregular in length and severity.
Under the flexible exchange rate, lowering the price of a foreign currency will
A) allow the expansion of monetary policy without causing inflation. B) decrease the foreign country's output. C) prevent a foreign price increase from causing deflation at home. D) cause a home price increase to be exported to the foreign markets. E) cause a "beggar-thy-neighbor" effect.
In a small town of 100 people, there are 10 children under 16, 10 retired people, 60 people with full-time jobs, 3 people with part-time jobs, 3 full-time students over 16, and 4 full-time homemakers. The remaining people did not have jobs, but wanted them. What is the participation rate in this town?
A. 87.5 percent B. 72.0 percent C. 81.1 percent D. 63.0 percent
Refer to the graph. Which of the three Security Market Lines depicts the situation where investors most dislike risk?
A. Line A.
B. Line B.
C. Line C.
D. It cannot be determined from the graph.