Factor mobility aids in economic development when
A. There is an increase in both outsourcing and insourcing.
B. A region suffers a natural disaster such as an earthquake or tornado.
C. A technological advance causes some firms to go out of business.
D. All of the choices are correct.
Answer: D
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If the FOMC decides to engage in the selling of government bonds, what is the effect on the money supply?
A) a decrease B) an increase C) an initial increase followed by an additional rise when the bonds mature D) no change
OPEC's incentives to produce a stream of long-term profits for its member nations means that oil stocks will
A) probably last quite a while. B) most likely run out quickly. C) not be used or needed in the near future. D) increase indefinitely.
Exhibit 10-4 Supply and demand curves for food servers
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In Exhibit 11-4, suppose that in the interest of boosting incomes of the working poor, Congress imposes a minimum wage of $6.00 per hour. This minimum wage rate creates a(n):
A. new labor market equilibrium. B. excess demand for labor of 10 thousand food servers. C. excess supply of labor of food servers. D. situation of full employment for food servers.
Dividing the number seventy-two by an interest rate yields
A. the number of years it would take an investment to double in value. B. the annual payment required to pay off a loan at that interest rate. C. a good measure of the level of risk in the investment proposal. D. all of these options are correct.