An increase in the inflation rate of one country relative to another country will probably cause
A) an increase in exports for the inflating country.
B) a balance of trade deficit for the inflating country.
C) a current account surplus for the inflating country.
D) an increase in the amount of official reserves held by the inflating country's central bank.
B
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The social cost attached to monopolies is reflected by the fact that
A) monopolies produce more output than consumers desire to buy. B) consumers pay prices that exceed the marginal cost of production. C) the demand for a monopolist's product is always lower than the demand for the products of perfectly competitive firms. D) consumers are always willing to pay lower prices for a monopolist's product than for the products of perfectly competitive firms.
The increased entry of women and young people into the U.S. labor force from 1960–1980 led to
a. increased unemployment. b. reduced unemployment. c. a more experienced workforce. d. a more effective monetary policy.