What portion of the engineering and computer-science doctorate degree-holders in the U.S. are foreign-born?
A. About 10%
B. About 25%
C. About 50%
D. About 75%
C. About 50%
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Give an example of a price floor. Draw a corresponding diagram and explain why there is a continuing surplus.
What will be an ideal response?
Which of the following is the best definition of potential output?
a. The output that could be produced if the economy were above full employment b. The output that could be produced if the economy had no unemployment c. The output that could be produced if the economy had no frictional unemployment d. The output that could be produced if the economy were at full employment e. The output that could be produced if the economy had no structural unemployment
In a situation where there is no incentive to cut pollution because it will make domestic firms less competitive, it will improve world welfare if:
a. nations impose tariffs on polluters. b. there is an international agreement so that every nation regulates global pollutants and no firms have competitive advantages because of lax pollution laws. c. there is a ban on production until we can scientifically solve our pollution problems. d. we allow the market to work in this case.
If Atlantis has an open economy, then it:
A. has a democratically elected government. B. does not trade with other countries. C. trades with other countries. D. allows imports but not exports.