If on-the-job training provides general job skills:
a. the employer will never provide such training.
b. the employer will always provide such training.
c. the employer may provide such training if it increases workers' wages.
d. the employer may provide such training if workers accept a lower wage.
d
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Because the PPF is a straight line in the Ricardian model, Foreign's import demand curve is:
a. upward sloping in parts. b. flat in parts. c. downward sloping in parts. d. flat everywhere.
Technological advancement implies:
a. the increase in the quantity of inputs needed to produce a given quantity of output. b. the reduction in the quantity of inputs needed to produce a given quantity of output. c. the reduction in the productivity of a sector of the economy that has become obsolete. d. an increase in the labor to capital ratio in any production process. e. the growth in the natural resource endowment.