The productivity slowdown of the 1970's occurred:
A. only in the U.S, the United Kingdom, and Japan.
B. only in the U.S. and the United Kingdom.
C. only in the U.S.
D. around the world.
Answer: D
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A) 6.49 B) 6.77 C) 5.58 D) 5.65
If an electricians' union is successful in its attempts to restrict entry into that craft, it will shift
a. the supply curve of electricians to the right b. the supply curve of electricians to the left c. the demand curve for electricians to the right d. the demand curve for electricians to the left e. both the supply and demand curves for electricians
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The absolute price elasticity of demand would be the lowest for
A. automobiles. B. movie tickets. C. sugar. D. Mr. Donut coffee.