Which of the following can result in job rationing?
i. minimum wage
ii. union wage
iii. diminishing returns
A) i, ii, and iii B) i and ii C) iii only D) i only E) ii only
Question 2
When the U.S. capital and financial account shows a positive balance, that is an indication of
A) the United States acquiring more foreign reserves.
B) the value of U.S. exports of capital goods exceeding the value of U.S. imports of capital goods.
C) foreigners investing more in the United States than the United States is investing abroad.
D) U.S. industries becoming more competitive.
E) the value of all U.S. exports exceeding the value of all U.S. imports.
Development encompasses both gains and losses. Sometimes a health crisis (loss) can result in a heal
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