Countries in which the government does not regulate the labor market are likely to have ________ sacrifice ratio.

A. an infinite
B. a high
C. a low
D. a negative


Answer: C

Economics

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Holding everything else constant, the absolute value of the price elasticity of demand for Saucony tennis shoes is ________ the price elasticity of demand for tennis shoes in general

A) greater than B) twice as great as C) less than D) equal to

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The railroad expanded the size of our markets and therefore almost everything marketable, creating industries where none existed before. Joseph Schumpeter explained such an outcome as the result of

a. the upswing (or recovery) phase of a multi-investment cycle b. the upswing (or recovery) phase of an internal cycle c. the upswing (or recovery) phase of an innovation cycle d. an entrepreneurial revolution in U.S. industry e. the combination of immigration and capital deepening

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Segmentation involves classifying customers based on their importance. Which tools are used to classify customers?

a. ABC classification (Pareto's Law) b. Customer profitability analysis c. Balanced investment strategy d. Customer loyalty program e. None of the above f. Only A and B

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