It is <u>True</u> that the Foreign Corrupt Practices Act is legislation that has helped increase the profits of American businesses abroad.
<h3>What is the Foreign Corrupt Practices Act?</h3>
The Foreign Corrupt Practices Act (FCPA) is an Act or a US law that makes it illegal for a United States company or person to give or take bribes from any foreign official for the purpose of getting or keeping a business.
While it is true that profits have increased as US-based businesses focus on more ethical ways of getting a business, illicit profits (that is profits from illegally acquired business deals) have dropped drastically.
See the link below for more about Foreign Corrupt Practices Act:
brainly.com/question/8211495
The goals of macroeconomics are economic growth, full employment, and price stability. Options 2 and 4 are True.
<h3>What are the objectives of macroeconomics?</h3>
The majority of other countries have three main macroeconomic objectives: economic growth, full employment, and price stability. The economic well-being of a country is dependent on carefully defining these goals and selecting the best economic policies to achieve them.
- A macroeconomic goal is full employment. True
- Inflation is defined as an increase in the prices of goods and services. True
Therefore, options 2 and 4 are true.
Learn more about the objectives of macroeconomics here:
brainly.com/question/14704537
Answer:
Higher unemployment, lower wage share of output, and higher Gini coefficient in the long run.
Explanation:
Since less labor will be used, total unemployment will increase. Besides less labor being used, more capital will be used, so the share of labor in total output will decrease. Labor efficiency increases, since you need less labor to produce the same or even a larger amount of output.
New technologies tend to increase the wages of high skilled labor and management. Since the Gini coefficient measures income inequality, then higher wages for a few will increase inequality.
This is an example of what is happening in the US, where highly trained labor is getting paid better every time while unskilled labor is getting paid the same as many years ago or their wage has even decreased with time. This shows how important a college education is, and the difference will only keep increasing.
