If a hurricane were to wipe out the majority of the eastern seaboard in the United States:
A. neither the short-run nor long-run aggregate supply curves would be affected.
B. only the long-run aggregate supply curve would shift left.
C. only the short-run aggregate supply curve would shift left.
D. the long-run and short-run aggregate supply curves would both shift left.
Answer: D
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An example of screening job applicants is
a. listing years of education on résumés b. providing college transcripts c. sending in letters of recommendation d. dressing in a suit for interviews e. checking résumés for spelling and typographical errors
Suppose Panama produces only two goods, bananas and hats. If Panama has a comparative advantage in bananas, a move toward free trade will:
A. harm hat workers, benefit banana workers, but benefit the nation as a whole. B. harm hat workers, harm banana workers, but benefit the nation as a whole. C. benefit hat workers, harm banana workers, but harm the nation as a whole. D. benefit hat workers, harm banana workers, but benefit the nation as a whole.