Excessive dependence on cheaper foreign imports can cause a(n) ________ in certain sectors of the economy
A) leftward shift in the domestic labor demand curve.
B) upward movement along the domestic labor demand curve.
C) rightward shift in the domestic labor demand curve.
D) downward movement along the domestic labor demand curve.
A
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Cartels display a pronounced tendency to disintegrate over time because
A) increased profits induce laziness and carelessness among cartel members. B) nobody benefits in the long run from their operation since they merely redistribute wealth. C) their operation is so blatantly contrary to the public interest. D) there are so many margins on which competition can occur.
The tax cut of 2001 turned out to be well-timed because it caused a
A. rightward shift of the aggregate demand curve. B. rightward shift of the aggregate supply curve. C. leftward shift of the aggregate demand curve. D. leftward shift of the aggregate supply curve.
The basic determinants of labor inputs (total hours of work) include:
A. the quantity and quality of capital and human resources. B. education and training, and allocative efficiency. C. economies of scale and technological advance. D. the size of the labor force and average hours of work.
As of late-2007, Apple Computer's use of music download software to reinforce its already dominant position in the audio hardware market has been
A. challenged by the U.S. government but not by the European Union. B. challenged by both Napster and Kazaa as anti-competitive violation of the Sherman Anti-Trust Act. C. challenged by both the U.S. government and the European Union. D. challenged by the European Union but not by the U.S. government.