Bilateral investment treaties are uncommon
Indicate whether the statement is true or false
FALSE
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Which type of unemployment is the consequence of downturns in the business cycle?
A) structural B) expansionary C) cyclical D) natural E) frictional
If a graph has a line that shows the amount of outsourcing in the last ten years, it is known as
A) a pie chart. B) a demand curve for outsourcing. C) a time-series graph. D) a supply curve of outsourcing.
When looking at this graph for the welfare effects of a price ceiling, area d represents ______.
a. the net welfare gain to society b. the deadweight loss to society c. the transfer of consumer surplus to producer surplus d. the transfer of producer surplus to consumer surplus
Which of the following is a problem when comparing GDPs per capita between nations?
A. GDP per capita only measures income distribution. B. Fluctuations in exchange rates affect differences in GDP per capita. C. GDP per capita is subject to greater measurement errors for IACs compared to LDCs. D. GDP per capita is likely overstated in LDCs due to families producing goods and services outside of the pricing system.