Which of the following nations is not considered an industrially advanced country?
A. Russia
B. Japan
C. Canada
D. Australia
A. Russia
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The simple immigration model assumes that the capital stock is constant in each country. If this assumption is relaxed, then the:
A. Rise in business income in the high-wage country will increase the return on capital, which will increase the demand for labor B. Fall in business income in the high-wage country will decrease the return on capital, which will increase the demand for labor C. Rise in business income in the high-wage country will increase the return on capital, which will decrease the demand for labor D. Fall in business income in the high-wage country will decrease the return on capital, which will decrease the demand for labor
As of 2002 the European Union has announced that 10 new members will be allowed to join the union? Which of the following countries is included in that group?
A) Poland B) Russia C) Turkey D) All of the above.
In September, USDA estimates that for Corn, the Yield per Harvest Acre is likely to be higher than that predicted in the previous month. The change in estimate (all else equal) will:
a. Increase estimates of Production of Corn b. Increase estimates of Total Supply c. Decrease estimates of Ending Stocks d. a and b are correct e. a, b and c are correct
A foreign firm that is selling below cost and is accused of dumping often:
a. lowers its price further to increase the tariff imposed. b. moves its production to the importing nation to avoid the tariff completely. c. raises its export prices to reap the rents and avoid the antidumping tariff completely. d. calls for a ruling by the WTO.