Refer to Scenario 15.2. With no other information available, it is
A) clear Furry should retool the offices.
B) clear Furry should rewire the network.
C) clear Furry should move to Southern California.
D) clear Furry should either retool the offices or rewire the network.
E) not possible to tell which payment stream is most valuable to Furry.
E
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Opponents of free trade often want the United States to prohibit the import of goods made in overseas factories that pay wages below the U.S. minimum wage. Prohibiting such goods is likely to
a. cause these factories to pay the U.S. minimum wage. b. increase the rate of technological advance in poor countries so that they can afford to pay higher wages. c. increase poverty in poor countries and benefit U.S. firms which compete with these imports. d. harm U.S. firms which compete with these imports.
Deflation occurs when
A) there is a sustained increase in the price level. B) there is a one-time increase in the price level. C) there is a decline in the price level. D) there is a decrease in the expected rate of inflation.