If a country signs a trade agreement so that employment in some industries rises and employment in some industries fall, then
a. structual unemployment rises temporarily.
b. structural unemployment rises permananently.
c. frictional unemployment rises temporarily.
d. frictional unemployment rises permanently.
c
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Refer to the table below. The average cost of 4 units of this activity is:Units ofActivity TotalCostTotalBenefit0$0$01$30$1002$40$1603$60$1904$100$2105$150$2206$210$225
A. $25 B. $30 C. $20 D. $40
India's government runs a government budget surplus. If there is no Ricardo-Barro effect, the surplus means that the
A) private supply of loanable funds curve lies to the left of the supply of loanable funds curve. B) private demand for loanable funds curve lies to the left of the demand for loanable funds curve. C) private supply of loanable funds curve is the same as the supply of loanable funds curve. D) private supply of loanable funds curve lies to the right of the supply of loanable funds curve. E) None of the above answers is correct.
The successful introduction and adoption of a new product or process is called
a. invention. b. innovation. c. economies of scale. d. economic growth.
One surprising insight from viewing policy as a "game" is that
A) central bankers should project an image of being conservative on economic policy matters, regardless of their personal views. B) it is more difficult to control inflation when the central bank is highly independent. C) uncertainty over the impact of policy makes little difference in designing an optimal policy. D) money growth has little or no impact on inflation in the long run. E) decreasing money growth may substantially increase the rate of inflation in the long run.