Refer to the figure above. Which of the following best describes a method to compensate the group that was made worse off when Barylia opened to free trade?
A) The buyers could be taxed and the tax revenue could be used to compensate the sellers.
B) The sellers could be taxed and the tax revenue could be used to compensate the buyers.
C) Barylia could sell the calculators at a price below the domestic equilibrium price in the global market.
D) Barylia could sell the calculators at a price above the world price in the global market.
B
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According to the expectations theory of the term structure, the interest rate on a long-term bond will equal the ________ of the short-term interest rates that people expect to occur over the life of the long-term bond
A) average B) sum C) difference D) multiple
A decrease in the real wage would result in a
A) movement along the labor demand curve, causing an increase in the number of workers hired by the firm. B) shift of the labor demand curve, causing an increase in the number of workers hired by the firm. C) movement along the labor demand curve, causing a decrease in the number of workers hired by the firm. D) shift of the labor demand curve, causing a decrease in the number of workers hired by the firm.
The U.S. switched from being a creditor nation to a debtor nation in:
a. the 1970s b. the 1980s c. the 1990s d. 2008-2009
The structural stagnation hypothesis provides a general explanation for why:
A. demand-side policies have been successful in the economic recovery in 2010-12. B. the economy is experiencing such a strong recovery. C. a bubble occurred in the housing market. D. the economy is experiencing a weak recovery.