The trading bloc that has eliminated all internal tariffs is
A. the European Union.
B. NAFTA.
C. Mercosur.
D. The World Trade Organization.
C. Mercosur.
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Native-born workers may not be harmed by immigration if:
A. They are complementary resources to immigrant workers B. They are substitute resources to immigrant workers C. Demand for their labor is elastic D. Immigrants remit their earnings to their home countries
Perfectly competitive firms are known for being “price makers.”
Answer the following statement true (T) or false (F)
Under which one of the following market structures are sellers most likely to consider the reaction of rival sellers when they set the price of their product?
a. Perfectly competition. b. Monopoly. c. Monopolistic competition. d. Oligopoly.
Which of the following was an element of the New Deal?
A. Wage and price controls B. Unemployment insurance and bank deposit insurance C. Regulation of the stock market D. Unemployment insurance, bank deposit insurance, and regulation of the stock market, but not wage and price controls