Which of the following is the primary source of cross-country differences in the real earnings of workers?
a. differences in natural resource endowments
b. differences in the share of workers that are members of a labor union
c. differences in output per worker
d. access to modern technology
e. differences in the average number of hours worked
c. differences in output per worker
Economics
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A trade barrier whereby foreign firms agree to limit the quantity of exports to a particular country is called a:
A) quota. B) tariff. C) nontariff barrier. D) voluntary export restriction.
Economics
The figure above shows three supply curves for wheat. Which of the following would cause the supply of wheat to shift from S1 to S2?
A. a decrease in the price of wheat B. a subsidy for wheat production C. an increase in the price of wheat D. a tax on wheat production
Economics