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Question
In the United States globalization has:A. played a significant role in growing income disparity because some sectors have benefited and others have not.
B. played little role in growing income disparity because all Americans are consumers who have enjoyed lower prices.
C. played a significant role in growing income disparity because foreign workers' incomes have risen.
D. played little role in growing income disparity because while some jobs were lost, the gain in jobs balanced out those that were lost.
Answer
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Related questions
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B. Gasoline is an inferior good.
C. Demand for gasoline is elastic.
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Government may not have an incentive to correct a market failure because: A. government doesn't have the information it needs to correct the market failure.
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Q:
Your opportunity cost of taking this course is: A. the tuition you paid for the course.
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Q:
Microsoft filed a lawsuit against people who sent spam (junk e-mail) and a website owner who hosted spam services. A spokesman for Microsoft said that Microsoft was "trying to change the economics of spam" by increasing the cost of being a spammer. An economist most likely would agree with which statement about Microsoft's actions? A. A more effective approach would be to educate spammers about the costs they impose on others.
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B. study for the quiz as long as her hourly wage rate is more than $20.
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Q:
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D. the United States is lending more to foreign countries than it is borrowing from foreign countries.
Q:
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Q:
When a country runs a trade deficit, it does so by: A. borrowing from foreign countries or selling assets to them.
B. borrowing from foreign countries or buying assets from them.
C. lending to foreign countries or selling assets to them.
D. lending to foreign countries or buying assets from them.
Q:
If Americans suddenly wanted European products because they were deemed more fashionable, the: A. demand curve for the euro would shift right.
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Q:
All of the following would cause the yen (currency of Japan) to appreciate except: A. the discovery of a vegetable only grown in Japan that could be used as biofuel.
B. increased interest rates on Japanese financial assets.
C. a decrease in Japanese income.
D. a new, global trend for Japanese sushi.
Q:
Refer to the graph shown. If the price were somehow held at $8.15 per unit, consumer surplus would then equal: A. 1,400.
B. 600.
C. 423.5.
D. 1,171.5.