Assume that there is a supply and demand market for non-preferred workers. If prejudice against these workers among employers increases, then there will be a(n):
A. Increased supply of these workers, a rise in their wage rate, and a decrease in their employment
B. Increased demand for these workers, a rise in their wage rate, and an increase in their employment
C. Decreased supply of these workers, a fall in their wage rate, and a decrease in their employment
D. Decreased demand for these workers, a fall in their wage rate, and a decrease in their employment
D. Decreased demand for these workers, a fall in their wage rate, and a decrease in their employment
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Assume that foreign capital flows from a nation increase due to political uncertainly and increased risk. If the nation has highly mobile international capital markets and a fixed exchange rate system, what happens to the GDP Price Index and current international transactions balance in the context of the Three-Sector-Model? a. The GDP Price Index falls and current international transactions
balance becomes more positive (or less negative). b. The GDP Price Index rises and current international transactions balance becomes more negative (or less positive). c. The GDP Price Index and current international transactions balance remain the same. d. The GDP Price Index rises and current international transactions balance remains the same. e. There is not enough information to determine what happens to these two macroeconomic variables.
Suppose that for a given good, demand decreases and supply decreases at the same time. If demand decreases by a greater amount than supply decreases, then equilibrium price __________ and equilibrium quantity __________ for that good
A) rises; rises B) rises; falls C) falls; rises D) falls; falls
If the price of tables sold by All-Oak Table Co. decreases from $500 to $400, then the:
A. supply of labor to All-Oak Table Co. increases. B. demand for labor by All-Oak Table Co. decreases. C. demand for labor by All-Oak Table Co. increases. D. supply of labor to All-Oak Table Co. decreases.
Secondary reserves consist of
A. government securities. B. cash and securities. C. cash, required reserve deposits, and securities. D. cash only.