Cyclical unemployment depends on a country's historical and cultural heritage
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following labor market trends have occurred in both the U.S. and in most Western European countries?
A. a substantial growth in real wages over the twentieth centaury B. a substantial growth in real wages and double digit rates of unemployment in the 1990s C. continuous and substantial growth in real wages and substantial job growth D. a pronounced decrease in wage inequality and double digit rates of unemployment in the 1990s
Economic growth can be pictured in a production possibilities curve diagram by
A) shifting the production possibilities curve in. B) shifting the production possibilities curve out. C) making the production possibilities curve straighter. D) moving from a point inside the production possibilities curve to a point on the curve.
The Federal Trade Commission Act was designed to
A) prohibit bundling. B) increase foreign trade. C) prohibit cutthroat pricing. D) limit company profits from foreign sales.
Germany placed a limit on the amount of beer that can be imported into Germany. This is an example of
A. an export subsidy. B. a tariff. C. dumping. D. a quota.