Which of the following changes will be observed in the labor market of a country that follows strict population control measures?
a. The labor supply curve will shift to the right.
b. The labor demand curve will shift to the right.
c. The labor supply curve will shift to the left.
d. The labor demand curve will become flatter.
c
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Which would be easier to reverse? For Denmark, which now pegs its national currency to the euro, to choose monetary autonomy and abandon its peg, or for Italy to switch back from the euro to the lira?
A) Italy, because all it has to do is cash euros for lire B) Italy, because it can change over to an electronic payments system C) Denmark, because it would only have to return all the euros in its treasury D) Denmark, because it would not have to change its currency, accounting structure, nor reprint domestic currency
What is the difference between the balance of trade and the balance of payments?
A. The balance of payments is only part of the balance of trade. B. The balance of trade is only part of the balance of payments. C. The two are different parts of the balance of merchandise accounts. D. The two are different parts of the balance of financial and capital accounts.