When a nation exports a good or service in which it has a comparative advantage, employment in that industry
A) decreases.
B) stays the same.
C) increases.
D) might change, but more information about what else the country exports is needed to determine if employment increases, decreases, or does not change.
E) might change, but more information about what the country imports is needed to determine if employment increases, decreases, or does not change.
C
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What is the capital accumulation equation used by Solow?
What will be an ideal response?
If the number of employed workers in a country is 6 million, and the size of the labor force in the economy is 8 million, the unemployment rate in the country is:
A) 25 percent. B) 24 percent. C) 8 percent. D) 30 percent.
In the Classical model, the aggregate supply curve determines the
A) price level. B) inflation rate. C) level of output. D) money supply.
Which of the following provide benefits to society at large and not just to the person(s) who pursues it?
a. both technological knowledge that is a public good and education b. technological knowledge that is a public good, but not education c. education, but not technological knowledge that is a public good d. neither education, nor technological knowledge that is a public good