An important factor in the decline of the U.S. textile industry over the past 100 or so years is
a. foreign competitors that can produce quality textile goods at low cost.
b. lower prices of goods that are substitutes for clothing.
c. a decrease in Americans' demand for clothing, due to increased incomes and the fact that clothing is an inferior good.
d. the fact that the minimum wage in the U.S. has failed to keep pace with the cost of living.
a
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Government intervention in the economy with the goal of promoting technology-producing industries is known as patent policy
a. True b. False Indicate whether the statement is true or false
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A. Included in both the M1 and M2 definitions of the money supply B. Included in the M1 definition of the money supply, but not in the M2 definition C. Included in neither the M1 definition of the money supply nor in the M2 definition
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A. recessionary phase. B. expansionary. C. recovery phase. D. stationary phase.