Which of the following is NOT a fundamental objective for the performance of a country's macroeconomy?
A. A reasonable and sustainable balance of payments with the rest of the world
B. Interest rates
C. Full employment of resources
D. Price stability
Answer: B
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Millions of people from Mexico have migrated to the United States. This has reduced the supply of labor in Mexico and increased the supply of labor in the United States. Assume that the demand for labor in Mexico and the United States is unchanged
Then wages in the United States ________ and wages in Mexico ________. A) fall; rise B) rise; do not change C) rise; rise D) do not change; fall E) fall; fall
The U.S. Department of Labor defines the "working poor" as "persons who have devoted 50 weeks or more to working or looking for work" and with incomes below the official poverty threshold
Indicate whether the statement is true or false