European nations are currently deregulating many markets. They are expecting:
A. the price of goods sold in these markets to increase.
B. the quality of goods sold in these markets to decrease.
C. the price of goods sold in these markets to decrease.
D. the profits of firms selling in these markets to increase.
Answer: C
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Refer to the above figures. Which of the panels would be consistent with the situation in which external benefits exist?
A) Panel 1 B) Panel 2 C) Panels 1 and 2 D) neither panel
A benefit of unions is that they
A) increase firm profits. B) increase the stability of the workforce. C) increase wage inequality. D) restrict the labor market.
Recent decades have seen an increased share of exports due to globalization. Globalization has occurred for a number of reasons. List three reasons and briefly describe their effect on globalization
Which of the following is the best description of the effects of an increase in the supply of bread?
a. Consumers will pay more for bread. b. Bread prices will fall, and bread sales will rise. c. A permanent surplus of bread will remain on the market. d. Bakers will have higher marginal costs.