A main reason for the low unemployment rate from 1995 through most of the 2000s was because of
A) higher oil prices.
B) the government's policy of tightening immigration policies.
C) the rapid development of the Internet industry and other new technologies.
D) government's more liberal social benefit programs.
E) increased defense expenditures by the government.
C
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The majority of American workers are employed in the manufacturing sector.
Answer the following statement true (T) or false (F)
Discuss the Smoot-Hawley tariff and its economic repercussions
What will be an ideal response?
Describe, in general terms, how an economist calibrates a macroeconomic model. What statistics can be usefully examined to see how well the model corresponds to the data?
What will be an ideal response?
The island nation of Sonorez produces 200 tons of wheat and 500 tons of corn. Munisia, its neighboring country, produces 400 tons of wheat and corn each. Sonorez would like to consume another 80 tons of wheat and is willing to give up a 100 tons of corn for it. Munisia on the other hand would like an extra 50 tons of corn and is willing to give up 100 tons of wheat. Which of the following
conclusions can be drawn from this? a. The 2 countries will not trade because they will not come to a common bargain. b. Sonorez will trade 100 tons of wheat for extra corn. c. Munisia will trade 100 tons of corn for extra wheat. d. Sonorez will trade 50 - 100 tons of corn with Munisia for 80 - 100 tons of wheat.