Which of the following would you expect to lead to worsening environmental quality?
A. Freer trade in capital equipment that incorporates environmentally friendly technologies
B. An export or production subsidy from the Chinese government to Chinese steel manufacturers
C. An export subsidy for producers of clean technology for producing paper
D. Freer trade that promotes production of manufactured goods in developing countries where environmental laws are strict
Answer: B
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A union may attempt to obtain stricter certification requirements or longer apprenticeships. These changes would raise workers' wages because they:
a. create unnecessary unemployment. b. shift in labor supply curve leftward. c. decrease the marginal product of labor. d. reduce management's use of featherbedding.
If farm price supports gave farmers 80 percent parity in 1950 and 60 percent parity in 1975, then we know that
a. the ratio of farm income to nonfarm income was higher in 1975 than in 1950 b. the ratio of farm income to nonfarm income was higher in 1950 than in 1975 c. the ratio of farm prices to nonfarm prices was higher in 1975 than in 1950 d. the ratio of farm prices to nonfarm prices was higher in 1950 than in 1975 e. farmers were better off in 1975 than in 1950
Affirmative action laws require employers to hire specified numbers of minorities
a. True b. False Indicate whether the statement is true or false
If when the money supply changes, real output and velocity do not change, then a 2 percent increase in the money supply
a. decreases the price level by 2 percent. b. decreases the price level by less than 2 percent. c. increases the price level by less than 2 percent. d. increases the price level by 2 percent.