In general, high unemployment is associated with
a) High levels of labour market co-ordination
b) Low levels of labour market co-ordination
c) Both high and low levels of labour market co-ordination
d) Neither high nor low levels of labour market coordination
e) Other factors and is unrelated to labour market co-ordination
e) Other factors and is unrelated to labour market co-ordination
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Which of the following would result in an increase in the demand for Toyota automobiles?
A. An increase in the price of Toyota automobiles B. A decrease in the price of Toyota automobiles C. A decrease in the price of Honda automobiles D. An increase in the price of Honda automobiles
What is the difference between real and nominal GDP and why do economists make this distinction?
What will be an ideal response?
The income effect of a wage increase will cause a worker to devote
A) more time to labor and less time to leisure. B) less time to labor and more time to leisure. C) more time to labor and more time to leisure. D) less time to labor and less time to leisure.
All of the following are possible explanations for why it took so long for trade balances to respond to the depreciation of the dollar EXCEPT
A) the prior increase in the value of the dollar had padded the profit margins of foreign producers. B) foreign trade barriers made it impossible for the United States to substantially expand exports it bought. C) there were still impacts from earlier appreciations working through the system. D) exports began to increase from a much lower base than imports.