Supporters of globalization believe that free trade and international investment result in all countries raising their living standards
a. True
b. False
Indicate whether the statement is true or false
True
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Monopolistically competitive markets feature heterogeneous products
a. True b. False Indicate whether the statement is true or false
When we are running a federal budget surplus, the national debt
A. is definitely rising. B. is constant. C. may be falling. D. is definitely falling.
An example of a situation in which the social costs are greater than the private costs would be
A) a new restaurant takes business away from an established restaurant. B) hand-held calculators putting slide rule manufacturers out of business. C) when a member of a rock band's ability to hear deteriorates from performing in so many loud concerts. D) a physician who cannot examine patients with a stethoscope in an examination room adjacent to an airport.
Amelia Earhart's nominal wages rose from $40,000 to $50,000, while the CPI rose by 20%. Her real wages
A. rose. B. stayed the same. C. fell. D. cannot be calculated with the available information.