Refer to the figure below. There would be an excess supply of 25 at a price of ________.
A. $35
B. $20
C. $50
D. $45
Answer: C
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Which of the following statements is true?
A) In the United States, the unemployment rate among bachelor degree holders is more than the unemployment rate among high school diploma holders. B) Unemployment rate is higher among groups with lower educational attainment. C) More educated workers have a lower opportunity cost of time than less educated workers. D) The unemployment rate in a country normally increases when the country's economy expands.
Other things the same, if U.S. residents wanted to buy more foreign-made computers and foreign residents wanted to purchase more U.S. bonds then,
a. U.S. net exports and the exchange rate would rise. b. U.S. net exports would rise, but what would happen to the exchange rate is uncertain. c. U.S. net exports would fall, but what would happen to the exchange rate is uncertain. d. U.S. net exports and the exchange rate would fall.
In an economy of 100 people in the labor force, if 10 people are unemployed for 4 weeks during the year, and 30 people are unemployed for 8 weeks during the year, and the rest are employed continuously throughout the year, then the average duration of unemployment in this economy is:
A. 7 weeks. B. 5 weeks. C. 8 weeks. D. 6 weeks.
"International trade" refers to:
A. purchasing or selling currently produced goods or services across an international border. B. any transaction across an international border. C. any financial transaction across an international border. D. buying or selling of preexisting assets across an international border.