Refer to the graph shown. In the graph, the opportunity cost of good X in terms of good Y is:
A. always increasing as we move from A to C.
B. lower along segment AB than along segment BC.
C. the same on both segments.
D. higher along segment AB than along segment BC.
Answer: B
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If the United States exports $250 billion worth of goods and imports $420 billion worth of goods
A) the balance of payments will be -$170 billion. B) the balance of trade will be -$170 billion. C) the balance of trade will be $670 billion. D) the official reserve transaction will be $170 billion.
Economists consider cyclical unemployment to be the byproduct of a healthy economy
a. True b. False Indicate whether the statement is true or false
more foreign investment, attracted by the expectation of economic and political stability
What will be an ideal response?
Which is not true regarding a delayed-compensation contract?
A. It discourages workers from shirking. B. An effective one requires a mandatory retirement age. C. It necessarily costs more in labor costs than a time rate system. D. It is associated with an upward-sloping age-earnings profile. E. It decreases employee turnover within the firm.