A metal-stamping factory moves next to a day care center. Noise from the factory makes it impossible for the kids to nap. What would be the optimal solution to this problem?
a. The factory should move.
b. The day care center should move.
c. The factory should install sound insulation.
d. The day care center should install sound insulation.
e. We cannot determine the solution without more information.
E
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Which of the following will NOT shift the short-run aggregate supply (SRAS) curve?
A) a reduction in the price of a raw material B) technological progress C) a change in the wage rate D) a change in the price level
In the 20th century, the ratio of the U.S. debt to GDP has largely
A. Fallen to its lowest levels during recessions or depressions. B. Risen in response to wars. C. Been inversely related to the deficit to GDP ratio. D. Fallen during wartime compared with prewar levels.
The U.S. textile industry is relatively small because the United States imports most of its clothing. A clear result of the importation of clothing is that:
A. the quality of clothing is lower than it would be without imports. B. the price of clothing is lower than it would be without imports. C. there is less variety available than there would be without imports. D. the price of clothing is higher than it would be without imports.
If cyclical unemployment is zero, the economy is
A. Outside the production possibilities curve. B. On the production possibilities curve that shifts inward. C. On the fixed production possibilities curve. D. Inside the production possibilities curve.