Weak economies with shrinking incomes tend to buy more of everything, including imports
a. True
b. False
B
Economics
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If your salary increases at a lower rate than prices are increasing, what would happen to your buying power?
What will be an ideal response?
Economics
The figure above shows the production possibilities frontiers for the United Kingdom and France. What is the opportunity cost of one bushel of wheat in France?
A) 1/4 of a pound of fish B) 4 pounds of fish C) 1 pound of fish D) 100 pounds of fish E) 2 pounds of fish
Economics
When economists refer to the "brain drain" in developing countries what do they mean?
What will be an ideal response?
Economics
American unions came under increasing pressure in the 1950s because of stronger competition both at home and abroad
a. True b. False Indicate whether the statement is true or false
Economics