Which are the main trading partners of the United States?
(A) Germany, Great Britain, China, and France.
(B) Canada, Mexico, China, and Japan.
(C) The Middle Eastern countries.
(D) The Central American countries.
Ans: (B) Canada, Mexico, China, and Japan.
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Which of the following would increase the demand for union labor?
A) increasing worker productivity B) increasing the demand for union made goods C) decreasing the demand for non-union-manufactured goods D) all of the above
Missy recently rearranged her portfolio so that it has a higher average return. As a result of this rearranging, Missy
a. raised both firm-specific risk and market risk. b. raised firm-specific risk, but not market risk. c. raised market risk, but not firm-specific risk. d. None of the above is correct.
If wages adjust fully to price increases in the long run, the full effect of fiscal policy is on
A. output. B. the price level. C. both output and the price level. D. neither output nor the price level.
A high school student is contemplating attending the local university in the fall semesters. She was going to take a job at the local mall paying $12,500 a year and the cost of the tuition, books, fees, etc. would be $15,000 a year. The opportunity cost of attending the university is:
a. $27,500. b. $12,500. c. $15,000. d. $0.