Trade sanctions were effective in removing Iraq from Kuwait after its 1990 invasion.
Answer the following statement true (T) or false (F)
False
You might also like to view...
Suppose the U.S. Congress is successful in enacting tariffs large enough to eliminate the current account deficit. What would happen to the level of domestic investment?
A) It would rise and exceed national saving. B) It would fall to a level equal to national saving. C) It would not change. D) It would rise to a level equal to net foreign investment.
A minimum wage in the formal sector will likely
a. reduce the number of formal-sector workers b. increase labor supply and lower wages in the informal sector c. encourage rural-urban migration d. lead to increased mechanization in the formal sector e. all of the above
If the entire Social Security payroll tax were paid the employees _____
a. firms would be better off b. more individuals would be self-employed c. the nominal wage paid by employers would increase d. the employees after-tax wage would fall
Sadie works at a factory for $15 an hour and typically works 40 hours a week. Sadie gets a pay raise and now earns $20 an hour. She decides to work 45 hours a week at $20 an hour. Her response:
A. implies her labor-supply curve is upward sloping. B. is typically what is observed. C. tells us the price effect outweighed the income effect of her pay raise. D. All of these statements are true.