Per job saved, consumers lose
A. significantly less than those jobs pay.
B. significantly more than those jobs pay.
C. about the same as those jobs pay.
D. slightly less than those jobs pay.
Answer: B
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Historically, the key role in assisting countries that ran into financial difficulties was played by
A) Europe. B) Japan. C) the IMF. D) the United Nations.
When the economy moves from point A to B in the above table, the opportunity cost of a computer in terms of televisions is
A) 10. B) 2.5. C) 2. D) 0.5.
Which of the following is a key factor in opening up trade between countries?
a. Differences in consumer income b. Differences in opportunity costs c. Differences in growth rates d. Differences in consumption patterns
Which of the following is the correct way to compute the future value of $X that earns r percent interest for N years?
a. $X(1 + rN)N b. $X(1 + r)N c. $X(1 + rN) d. $X(1 + r/N)N