Those living in the poorest quartile of countries would like to emigrate because:
A. earnings are higher for the same skill level in richer countries.
B. the opportunities to gain more education are higher in richer countries.
C. the cost of living is lower in richer countries.
D. All of these statements are true.
A. earnings are higher for the same skill level in richer countries.
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Many reporters in the media were critical of the high interest rates that many banks charged to lenders in the so-called sub-prime market. Using economic reasoning what was the likely justification for these high interest rates
What will be an ideal response?
If the U.S. dollar appreciates in the foreign exchange market,
a. American goods will become more expensive for foreign buyers and foreign goods will be cheaper for Americans b. American goods will become less expensive for foreign buyers and foreign goods will be more expensive for Americans c. American goods will become more expensive for foreign buyers and foreign goods will be more expensive for Americans d. American goods will become cheaper for foreign buyers and foreign goods will be cheaper for Americans e. neither the price of U.S. exports nor the price of U.S. imports will change
A decrease in the price level in Japan will shift the U.S. aggregate demand curve outward
a. True b. False Indicate whether the statement is true or false
Suppose the government spends $10 billion subsidizing firms producing electricity with wind turbines because these firms are high cost producers. Will the subsidies lead to economic growth and higher income levels?
a. Yes, because more people will be employed by the firms producing electricity with wind turbines. b. No, the turbines are an inefficient form of producing electricity and therefore the subsidies will increase the opportunity cost of supplying it. c. Yes, because the government will be able to finance the subsidies without reducing private sector output. d. Uncertain, higher income levels will be achieved if the employment of the firms producing electricity with the wind turbines expands; if not, incomes will fall.