Factor mobility refers to
A. The increase in labor productivity.
B. Technological change in the use of labor.
C. The ease of reallocating resources.
D. Technological change in the use of capital.
Answer: C
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Net foreign investment is equal to
A) foreign direct investment. B) the balance of trade. C) capital inflows minus capital outflows. D) net foreign portfolio investment plus net foreign direct investment.
Refer to Figure 4-4. At a price of $18 consumers are willing to buy 40 pounds of tiger shrimp. Is this an economically efficient quantity?
A) Yes, because $18 shows what consumers are willing to pay for the product. B) No, the marginal benefit of the 40th unit exceeds the marginal cost of that 40th unit. C) Yes, otherwise consumers would not buy 40 units. D) No, the marginal cost of the 40th unit exceeds the marginal benefit of the 40th unit.
Which of the following countries successfully combated hyperinflation only to lapse back in to hyperinflation in 2002?
A) Brazil B) Canada C) Mexico D) Argentina
Increased productivity in the agricultural sector has __________ the output and __________ the prices of agricultural goods
A) increased; reduced B) increased; increased C) decreased; reduced D) decreased; increased E) had no impact on; had no impact on