Which of the following arguments is not used by promoters of globalization as one of the reasons why free trade and international investment result in higher standards of living?
a. Free trade helps developing countries.
b. International organizations represent governments and people, not the interests of corporations.
c. There is no convincing evidence that globalization occurs at the expense of the environment.
d. There is no convincing evidence that globalization occurs by encouraging harmful labor practices.
e. Globalization brings better cultural practices to countries that have obsolete cultural traditions.
e
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Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________, 
A. Rising; B; C B. Falling; A; C C. Falling; A; B D. Rising; A; C
In the context of rent seeking, rents refer to _____
a. payments made to factors of production for private benefit that do not add anything to social output. b. payments made to politicians for private benefit that do not add anything to gross domestic product c. payments made to factors of production for private benefit that add to social output d. payments made to third parties to find opportunities for lobbying
A full-time student who did not have a job and was not looking for work would be categorized as
What will be an ideal response?
Which of the following is not a function of the Fed?
A) to provide check-clearing services B) to hold depository institutions' reserves C) to serve as the government's banker D) to serve as the borrower of last resort E) none of the above