Most economists estimate that the U.S. factor of production most likely to be hurt by the formation of the NAFTA is unskilled U.S. labor
Indicate whether the statement is true or false
TRUE
Explanation: One study by Leamer estimates that wages paid to unskilled workers could fall by $1000 while payments to capital and skilled labor should both rise.
Economics
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Under the Cambridge cash balance approach, money demand is determined by
A) nominal income. B) real income. C) the saving rate. D) velocity.
Economics
Stocks and bonds issued in markets-oriented financial systems are rather __________ because they are traded __________
A) liquid; frequently B) liquid; infrequently if at all C) illiquid; frequently D) illiquid; infrequently if at all
Economics