Countries tend to use the labor processes that ______.
a. they have had the longest
b. take advantage of their most plentiful resources
c. utilize their most expensive resources
d. rely on their most scarce resources
b. take advantage of their most plentiful resources
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If the number of unemployed workers is 200 million, and the number in the labor force is 500 million, what is the unemployment rate?
A) 0.4% B) 4% C) 14% D) 40%
The consensus is that approximately ________ percent of U.S. households are subject to a liquidity constraint in consumption
A) 75 B) 55 C) 35 D) 15 E) 5
Which of the following most accurately describes the "Fisher effect?"
a. Interest rates increase after inflation and decrease after deflation, but with a long lag. b. Interest rates are independent of inflation and deflation. c. Interest rates increase after inflation, but are not affected by deflation. d. Increasing interest rates precede inflation and decreasing interest rates precede deflation.
Does a subsidy to buyers affect the demand curve?
A. Yes, it shifts demand up by the amount of the subsidy. B. Yes, it shifts demand to the right by the amount of the subsidy. C. No, the quantity demanded will increase, but the demand curve does not move. D. No, the quantity demanded will decrease, but the demand curve does not move.