An increase in the wage rate will decrease the demand for labor
a. True
b. False
B
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Which of the following trends has been observed in federal revenues and expenditures over time?
a. Expenditures were lower than the revenues in the 1998-2001 period. b. Expenditures were lower than the revenues in the 1930s. c. Expenditures were higher than the revenues in the 1998-2001 period. d. Expenditures were more or less equal to the revenues in the 1930s. e. Expenditures were more or less equal to the revenues in the 1998-2001 period.
An important factor that increased international capital flows in the latter part of the 1800s was
A) the creation of the International Monetary Fund. B) the creation of numerous regional trade agreements. C) the rapid rate of East Asian economic growth. D) technological innovations.
An increase in the demand for American-made goods will
A) decrease the supply of dollars on the foreign exchange market. B) decrease the demand for dollars on the foreign exchange market. C) increase the demand for dollars on the foreign exchange market. D) increase the supply of dollars on the foreign exchange market.
When economists refer to the "brain drain" in developing countries what do they mean?
What will be an ideal response?