In the figure above, what is Gap's markup?
A) $50
B) $15
C) $35
D) zero
A
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When product prices increase slower than nominal wages increase, the real value of wages decreases
Indicate whether the statement is true or false
Classical economists argued that
A) there would always be an excess of saving over investment. B) workers had money illusion. C) excess savings would create unemployment. D) a flexible interest rate would make saving equal to investment.
Two antitrust acts actively used by the U.S. government to prevent monopoly power in markets are the ______________ and the ___________________.
A. Sherman Antitrust Act; Clayton Act B. Bergman Antitrust Act; Clayton Act C. Sherman Antitrust Act; Stapleton Act D. Bergman Antitrust Act; Stapleton Act
International protesters have expressed concerns that
A. international trade makes unionizing efforts easier. B. poor nations are over-represented at trade talks. C. international trade decentralizes control of economic issues. D. international finance centralizes control of economic issues in the hands of a relative few.