One concern is that while _________________ may be benefiting high-skilled, high-wage workers in the United States, it may also impose costs on low-skilled, low-wage workers.
a. international trade
b. blocking trade
c. economic decline
d. limiting trade
a. international trade
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Classical economists assumed that
A) wages were inflexible. B) individuals suffered from money illusion. C) prices were sticky. D) none of the above.
The Sherman Antitrust Act:
A. no longer applies to business practices today. B. was passed in 1800. C. was actively used by President Roosevelt in the early 20th century. D. All of these statements are true.
A . What is the income multiplier? b. How will the income multiplier change if the marginal propensity to save increases? Explain
For an investment to be considered autonomous, it must
A. include fixed components. B. increase as the level of income increases. C. be independent of the level of real disposable income. D. be negatively related to the interest rate.