ECON MACRO
5th Edition
ISBN: 9781337000529
Author: William A. McEachern
Publisher: Cengage Learning
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Chapter 7, Problem 2.4P
To determine
Pros and cons of
Introduction:
Unemployment insurance is the amount of money given to the unemployed people who are unable to find the job. It is a kind of a welfare scheme so that unemployed people can fulfill the basic needs of life.
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11-The selling price of a product in Oman is higher than the price in Dubai although both products are having the same nature. Customers are buying the product from Dubai due to the price differences. What will be the effect of the customers buying the products from Dubai? (1) Due to this, appreciation in the value AED (United Arab Emirates Dirham) relative to OMR, (2) Due to this, depreciate in the value AED (United Arab Emirates Dirham) relative to OMR, (3) Product sold in Oman market will decrease and the retail price will go down, (4) Product sold in Oman market will decrease and the retail price will go up, (5) The demand for the product and prices will increase in Dubai
a. (2) and (3) only
b. (1), (2), (3), (4) and (5)
c. (1) and (2) only
d. (1), (3) and (5) only
8.
Includes all income earned: wages, profits, rent, and profit income within an Economy.
Question 8 options:
Trade Balance
Net Income
Gross Domestic Product
National Income
11-
Earnings such as wages, interests and dividends by residents who are living in other countries are called _____________.
a.
Domestic Output
b.
Factor income from abroad
c.
Price level
d.
Domestic product
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