In the United States, most workers
A. work for government of some sort.
B. produce raw materials for manufacturing.
C. work in agriculture and farming.
D. produce services rather than goods.
Answer: D
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A linear demand curve:
A. must be either perfectly inelastic or perfectly elastic. B. will be more elastic when price is low and more inelastic when price is high. C. has a constant elasticity. D. has a constant slope.
To have more consumer goods in the future, we must
A. get government involved in the production process. B. stop producing all goods today. C. lower current income. D. produce more capital goods today.
Harmonization of standards refers to
A) the elimination of tariffs and quotas by trading partners. B) common product safety, environment, labor, and fair competition standards agreed upon by trading partners. C) the acceptance or keeping of a trading partner's standards as valid and sufficient by another trading partner. D) separate standards held by different trading partners which other partners refuse to recognize.
Explain how an economic populist regime usually progresses
What will be an ideal response?