According to the section "The Economy Tomorrow," outsourcing eliminates about ________ jobs in the United States each year.
A. 500,000
B. 300,000
C. 3,000,000
D. 5,000,000
Answer: B
Economics
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If the price of a Brita water filtration system increases and the quantity demanded of bottled water increases, then these two goods are
A) substitutes. B) complements. C) normal goods. D) inferior goods. E) inelastic goods.
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Monopolistically competitive firms use product differentiation to increase the price elasticity of demand
a. True b. False
Economics
Only marginal costs, not sunk costs, affect economic decisions if individuals are rational.
Answer the following statement true (T) or false (F)
Economics
The principal goal of the Treaty of Maastricht was the creation of a
A. fixed exchange rate system. B. floating exchange rate system. C. gold-exchange system. D. monetary union.
Economics