The H1B visa program is designed:
a. to keep out undocumented workers.
b. to encourage bright U.S. college students to study abroad.
c. to attract scientists and engineers from other nations to help U.S. industry prosper.
d. to have a way to force foreign students to go back to their native lands after graduation.
Ans: c. to attract scientists and engineers from other nations to help U.S. industry prosper.
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The four-firm concentration ratio in the breakfast cereal industry is 80 percent
How does the five competitive forces model provide better insight into the degree of competition in the breakfast cereal industry than just observing the concentration ratio?
Which of the following is a significant weakness of GDP as a measure of the nation's economic performance?
A. GDP excludes the secondhand good market because it is impossible to obtain an estimate of the amount sold. B. GDP excludes the value of the buying and selling of securities. C. GDP excludes nonmarket production, such as black market activities. D. GDP considers product and factor markets but not services.