Compared to workers in richer countries, workers in developing countries have
a. lower productivity and lower wages.
b. higher productivity and higher wages.
c. higher productivity but lower wages.
d. the same productivity but lower wages.
a
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The primary source of revenue for the federal government of the United States are taxes tied to ________
A) property values B) rents and dividends C) export and import flows D) income
Since the minimum wage rate began it has typically stayed at about what percentage of the average manufacturing wage?
A) 10-20% B) 20-30% C) 40-50% D) 75-80%
If a nation has flexible exchange rates and its current and capital accounts equal zero, then the:
a. Financial account must be positive b. Financial account can be positive or negative depending on the size of the budget deficit and exchange rate. c. Reserves account can be positive or negative depending on the size of the budget deficit and exchange rate. d. Financial account minus the reserves account must equal zero.
What would the Balance on Goods and Services equal given the following information?Government Taxes= $700; Saving= $100; Gross Private Domestic Investment= $400; Government Spending= $600
a. It is impossible to tell. b. +$1,800 c. +$200 d. -$200 e. +$800