Are there impediments to international movement of labor and capital?
A. Yes, but they apply to labor only; capital mobility is almost completely free.
B. Yes, although these apply to capital, and not to labor.
C. Yes, there are significant (often prohibitive) restrictions on labor and capital mobility.
D. No, these have been removed with the passage of recent trade legislation.
Answer: C
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Indicate whether the statement is true or false
Does the Federal Reserve conduct both the nation's monetary policy and its fiscal policy?
What will be an ideal response?
Which of the following would be the best choice for the government of Paulina if it decides to increase its tax revenue?
a. Taxing a commodity with an elastic supply b. Taxing a commodity with an inelastic supply c. Reducing the tax on a commodity with an elastic demand d. Reducing the tax on a commodity with an inelastic demand
Refer to the above table. If the price of the product is $1.50, and the marginal factor cost of an additional unit of an input is $105, how many units of labor should be hired?
A. 14 B. 13 C. 11 D. 12