The introduction of word processing software that increases the demand for workers with computer skills relative to those without such skills is an example of:
A. skill-biased technological change.
B. increasing reservation prices.
C. the diminishing marginal product of labor.
D. globalization.
Answer: A
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Considering its effects through income, the price level, and interest rates only, expansionary fiscal policy causes the value of a country's currency to:
A. move unpredictably. B. rise. C. remain unchanged. D. fall.
Firms in Colorado dump waste into the Colorado River and as a result, people in California and Mexico cannot use the water. What type of market failure is most likely involved?
A. Public goods. B. Inequity. C. Market power. D. Externalities.
Stockholders
A) select the board of directors of a corporation. B) select the employees of a corporation. C) select the managers of a corporation. D) all of the above.
The ________ are hurt by importing a good
A) domestic consumers of the good B) domestic producers of the good C) domestic governments D) foreign producers of the good E) foreign governments