Which of the following restricts the volume of international trade?
a. stable prices
b. tariffs
c. the law of comparative advantage
d. a stable international monetary system.
B
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Which of the following is a barrier to entry?
A. Close substitutes B. Infrastructure costs C. Diminishing marginal returns D. Buyers' incomes
The largest value the Herfindahl index can have is
a. 100, which would indicate a monopoly b. 100 for firms equal in size c. 100,000 d. 10,000 . which would indicate a pure monopoly e. infinity
In the short run, there are large and persistent deviations between actual exchange rates and exchange rates predicted using purchasing power parity because of:
a. Discretionary fiscal policy. b. Widely different inflation rates in the two nations. c. Very different real GDP growth rates in the two nations. d. Many goods and services in the two nations' price indices are not traded internationally. e. All of the above.
Among male workers over age 25, about what percent has a college degree? What is this percentage for black male workers over age 25?