A nation can determine how close it is to the classical range by considering its:
a. Capacity utilization index.
b. Exchange rate.
c. Size of the federal budget deficit.
e. Export position.
.A
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To reduce labor surplus above the equilibrium union wage level, a union may do all of the following EXCEPT
A) lengthen apprenticeship period. B) assign jobs based on seniority. C) limit the number of new members accepted. D) encourage nonunion members to join the union.
Anheuser-Busch purchased the Labatt brewery in Canada and has expanded its market and product offerings. This is an example of:
A. foreign direct investment. B. foreign portfolio investment. C. importing. D. exporting.
In economic analysis, air pollution, water pollution, and scenery destruction are considered to be
A. private costs. B. externalities. C. internalities. D. opportunity costs.
An increase in taxes would be an expansionary fiscal policy.
Answer the following statement true (T) or false (F)