The two labor markets in the "dual labor market" are
A) southern versus northern.
B) western versus eastern.
C) English speaking versus non-English speaking.
D) domestic versus foreign.
E) none of the above
E
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In a move up the IS curve,
A) investment rises. B) output falls. C) the real interest rate falls. D) saving rises.
One of the major effects of trade liberalization has been
A) the liberal use of tariffs and quotas. B) an increase in the use of beggar-thy-neighbor trade policies. C) the globalization of supply chains. D) an increase in the world price for most goods.
Which of the following will not generally be true of a monopolistic competitor operating in the long run? a. It will be earning normal profits
b. Its marginal revenue = marginal cost. c. Its average total cost will be minimized. d. Its price will be greater than its marginal cost.