Suppose both wages and employment increase. These changes most likely were caused by
A. a decrease in labor supply.
B. an increase in labor demand.
C. an increase in labor supply.
D. a decrease in labor demand.
Answer: B
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The principle of subsidiarity is a way to
A) divide power between local governments and unions. B) provide support for industries in decline. C) provide support for industries under pressure from foreign competition. D) divide power between national governments and the EU. E) divide EU tax money among the member countries.
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Exhibit 30-2
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In a given year, a country's GDP = $9841, net factor payments from abroad = $889, taxes = $869, transfers received from the government = $296, interest payments on the government's debt = $103, consumption = $8148, and government purchases = $185
The country had private saving equal to A) $285. B) $3850. C) $2397. D) $2112.
Conditional cash transfer programs are programs in which:
A. financial support is given only to people who engage in certain actions. B. financial support is given only to people who have paid into the program for a minimum amount of time. C. financial support is given only to people who agree to pay it back at reduced interest to the government in the future. D. None of these is true.