Cheap labor is the source of comparative advantages
a. True
b. False
Indicate whether the statement is true or false
False
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Using the official measure of unemployment, which of the following people is considered unemployed?
A) a part-time worker who wishes to work full time B) a person who gave up looking for jobs because he or she was discouraged about his or her job prospects C) a person who has been searching for work, but turns down a job paying a lower wage rate than desired D) a person who is working but expects to be laid off at the end of the month
Higher government deficits ________ the supply of bonds and shift the supply curve to the ________, everything else held constant
A) increase; left B) increase; right C) decrease; left D) decrease; right
The above figure shows Bob's utility function. He currently has $100 of wealth, but there is a 50% chance that it could all be stolen. Bob will buy theft insurance to cover the full $100
A) as long as it does not cost more than $25. B) as long as it does not cost more than $50. C) as long as it does not cost more than $70. D) at any price.
Some of the newer pollutants that have appeared
a. are far more visible to the eye than older pollution. b. cause damage that is easily reversible. c. pose no significant long-term hazards. d. are far more dangerous than older forms of pollution.