When considering outsourcing, most laypeople:

A. oppose it because of the visible loss of jobs.
B. support it because they enjoy lower consumer prices.
C. recognize its benefits to raising foreign wages.
D. recognize it frees resources for other jobs for which the U.S. has a comparative advantage.

Answer: A

Economics

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A) at an unemployment rate of zero B) at an inflation rate of zero C) at potential GDP D) above potential GDP

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The Phillips curve that Samuelson and Solow fitted to their data was

A) upward sloping. B) downward sloping. C) vertical. D) horizontal.

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