As an absolute amount (billions of dollars), which of the following countries provides the greatest amount of foreign aid?
(a) United Kingdom.
(b) United States.
(c) Italy.
(d) Sweden.
B
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A union will be more successful at forming when the firm's labor demand curve is inelastic because under these conditions the union organizers can "promise"
A. large wage gains with minimal employment losses. B. low union dues. C. large wage gains and large employment gains. D. small wage gains and minimal employment losses. E. small wage losses but large employment gains.
Diminishing marginal utility implies:
A. as the consumption of a good increases marginal utility decreases. B. as the consumption of a good increases marginal utility increases. C. as the consumption of a good increases total utility decreases. D. as the consumption of a good increases total utility increases.
A ban on leaded gasoline has reduced ____________ pollution.
Fill in the blank(s) with the appropriate word(s).
Suppose nominal interest rates in the U.S. rise from 4.6% to 5% and decline in Britain from 6% to 5.5%, while U.S. consumer inflation remains unchanged at 1.9% and British inflation declines from 4% to 3%. In addition suppose, real growth in the U.S. is
forecasted for next year at 4% and in Britain real growth is forecasted at 5%. Finally, suppose producer price inflation in the U.S. is declining from 2% to 1% while in Britain producer price inflation is rising from 2% to 3.2%. Explain what effect each of these factors would have on the long-term trend exchange rate ( per $) and why?