A "brain drain" is
A. the impact of malnutrition on education and productivity in developing countries.
B. the tendency of workers in developing countries to reject new technologies.
C. the tendency of talented people in developing countries to get education in developed countries and to stay there after graduation.
D. the impact of poverty on the productivity of workers in developing countries.
Answer: C
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When aggregate demand increases, there is a movement ________ along the AS curve and ________
A) up; an upward shift of the short-run Phillips curve B) down; a movement down along the short-run Phillips curve C) up; a movement up along the short-run Phillips curve D) up; a movement down along the short-run Phillips curve E) down; a downward shift of the short-run Phillips curve
Which of the following groups gain from international trade?
i. producers of exported goods ii. domestic consumers of imported goods iii. workers in exporting firms A) i only B) ii only C) iii only D) i and iii E) i, ii, and iii
In the monopoly, the firm's marginal revenue curve is ________, while in a perfectly competitive market, each firm's marginal revenue curve is ________
A) downward sloping; horizontal B) horizontal; downward sloping C) upward sloping; horizontal D) downward sloping; upward sloping
Which of the following will NOT cause a rightward shift in the supply curve?
A) an improvement in technology B) a reduction in resource costs C) a reduction in the expected future price D) none of the above