What group of workers is more organized than any other type of worker group?
a. automobile
b. manufacturing
c. government
d. education
c
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Creative destruction theory is essentially an argument that profit potential within a noncompetitive industry creates an incentive for new types of competing industry, thereby strengthening the original industry's market power
Indicate whether the statement is true or false
The new government of Pakistan transfers money from the rich to the poor. This will likely:
A. make the Pakistani AD curve steeper. B. shift the Pakistani AD curve to the left. C. shift the Pakistani AD curve to the right. D. make the Pakistani AD curve flatter.
M1 consists of currency, demand deposits, traveler’s checks, and other checkable deposits.
Answer the following statement true (T) or false (F)
An upward-sloping supply curve implies that:
A. quantity supplied increases when price decreases. B. there is no relationship between price and quantity supplied. C. quantity supplied increases when price increases. D. the law of supply is invalid.