The unemployment rate for people with less education typically is ________________ than for those with higher levels of education.
a. lower
b. longer
c. higher
d. shorter
c. higher
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An important hindrance to developing countries in carrying out monetary policy is that they
a. usually lack central banks b. are usually unable to issue their own currency c. are unable to borrow money d. usually lack effective bond markets e. all of the above
Suppose that the demand in a particular industry is given by Qd = 500 ? 2P. When the market price in the industry is $50 per unit, total demand in the industry is ________. Furthermore, assume that the entire market consists of four firms that share the market equally. The HHI under these conditions is then ________.
A. 225 units; 3,333.33 B. 400 units; 2,500 C. 400 units; 10,000 D. 225 units; 1,600
If the case study on U.S. / China trade is correct in its analysis of factor abundance,
A) Chinese capital owners should see their income rise as trade increases. B) U.S. skilled labor inputs should see their incomes fall as trade increases. C) U.S. capital owners should see their income fall as trade increases. D) Chinese unskilled labor should see their income rise as trade increases.
"Regulations do not always have the intended result." Do you agree or disagree? Why?
What will be an ideal response?