Recent studies have shown that NAFTA has had a tremendous negative impact on the economic welfare of the U.S
Indicate whether the statement is true or false
FALSE
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Which of the following is not an example of an open access resource?
a. deer in the forest b. fish in the ocean c. oil deposits d. wild flowers e. King crabs in the Bering Sea
In recent decades, countries with high economic growth have experienced ________ inequality, and those with low rates of growth have experienced ________ inequality.
A. increasing; increasing B. increasing; decreasing C. decreasing; decreasing D. decreasing; increasing
In which year did the unemployment rate in Germany fall compared to the EU-27 average?
A. 2008 B. 2010 C. 2007 D. 2006
Suppose the MPC in an economy is 0.9. The APC is initially 0.95 and disposable income is $4 billion. If disposable income increases to $14 billion, what is the new level of consumption?
A. $12.8 billion. B. $12.6 billion. C. $13.3 billion. D. $9 billion.