As economies develop, more jobs will require more education and training. What effect will this have on the labor market of 18 to 24 year olds?
a. The demand for workers ages 18 to 24 years old will decrease as more young people go to school.
b. The supply of workers ages 18 to 24 years old will decrease as more young people go to school.
c. The demand for workers ages 18 to 24 years old will increase as more young people go to school.
d. The supply of workers ages 18 to 24 years old will increase as more young people go to school.
b. The supply of workers ages 18 to 24 years old will decrease as more young people go to school.
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An asset that derives its value from some other underlying asset is a
A) stock. B) bond. C) derivative. D) CD.
John is a U.S. citizen who works for Walmart located in France. John's work contributes to:
A. U.S. GDP, but not U.S. GNP. B. U.S. GNP, but not U.S. GDP. C. both U.S. GDP and U.S. GNP. D. neither U.S. GDP nor U.S. GNP.
If the United States negotiates a voluntary export restraint with international sugar producing nations, then
A) U.S. sugar buyers pay a lower price for sugar. B) U.S. sugar producers produce a smaller quantity. C) imports of sugar increase. D) the U.S. government collects less revenue than if it imposed a tariff on sugar. E) the foreign governments collect more revenue than if a tariff is imposed on sugar.
The multiple changes in income and output that results from a change in autonomous expenditure is called the multiplier
Indicate whether the statement is true or false