31.Immigration has _____ our rate of economic growth.
C. had no effect on
32.Which statement is FALSE?
A. Our average workweek has declined by more than one third since 1900.
B. Americans work more hours per year than workers in most other industrial nations.
C. The number of paid holidays enjoyed by American workers has increased since the
D. American workers get more vacation time than workers in other industrialized nations.
34.The United States _____ the highest productivity per worker in the world but also has a
_________ work week than other industrialized nations.
A. has; shorter
B. has; longer
C. does not have; shorter
D. does not have; longer
35.The United States savings rate
A. is higher than the Chinese savings rate.
B. was 10 percent in 2005.
C. was the most important factor contributing to the high economic growth rate since 1995.
D. usually goes up during and soon after a recession.
39.A family of four with one wage earner who earns the minimum hourly wage would be
A. well below the poverty line.
B. slightly below the poverty line.
C. slightly above the poverty line.
D. well above the poverty line.
42.The reason that some people make more money than others is explained mainly by
A. training and education.
C. inborn skills or physical attributes.
D. all of the choices/statements are true.
50.The law of comparative advantage states that
A. countries grow fastest if exports exceed imports, with payment surpluses being received
B. mutually beneficial trade can always take place between two countries whose pre-trade
relative opportunity costs differ.
C. two countries can both gain from trade only when they have very different tastes and
D. trade benefits a country only if it has comparative advantages in all goods and services.
A. increased A. Our average workweek has declined by more than one third since 1900. B. has; longer C.... View the full answer