A merger between Bank of America and Citibank would be a ____ merger.

The most important source of foreign exchange earnings to offset the colonial deficit with England was

a. insurance charges and merchant commissions. b. the sale of ships. c. the sale of colonial shipping services. d. inflows of sterling from British forces stationed in the colonies.

According to the classical model, if there are too many elementary school teachers in the labor market,

a. the government should institute a retraining program to give the unemployed teachers new job skills b. the wages for elementary teachers will fall, eventually causing the number of excess teachers to shrink c. the wage for elementary teachers will increase for those who are employed, but unemployment of teachers will remain high d. this situation provides an example of cyclical unemployment, which often occurs in the long run e. people will quit training to become elementary school teachers and soon there will be a shortage in this labor market