In many countries, laws regarding firing and hiring mainly affect businesses with 50 or more workers. What effect has this had on the businesses?
a. More businesses have 49 or fewer workers.
b. Fewer businesses have 49 or fewer workers.
c. It has no effect on employment decisions.
d. Businesses grow faster to lower the costs of these laws.
a. More businesses have 49 or fewer workers.
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The exchange rate affects the trade in goods and services between California and NewYork
a. True b. False Indicate whether the statement is true or false
Which of the following is most likely to help the residents of a nation produce more goods and services and achieve higher income levels?
a. higher tax rates b. a higher rate of investment c. a smaller trade sector d. greater use of taxation to transfer income from the rich to the poor
If a nation's real interest rate fell relative to foreign nations, it would cause net exports to:
a. Fall. b. Rise. c. Remain unchanged. d. It could increase or decrease net exports, depending on the elasticity of demand for foreign exchange.
When money wages rise, the most significant effect on the aggregate supply curve is that it
A. shifts outward. B. shifts inward. C. becomes flatter. D. becomes steeper.