Which group is most likely to be adversely affected by the importation of foreign steel?
A. Domestic steelworkers.
B. Foreign steel producers.
C. Consumers of domestic automobiles for which steel is an input.
D. Domestic automobile workers.
Answer: A
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List three reasons why oligopolies are considered to be inefficient
What will be an ideal response?
An unexpected rise in Capacity Utilization should send bond prices __________ and stock prices __________
A) up; up B) up; down C) down; up D) down; down
Derived demand is
A) a derivative of the demand curve. B) the demand for goods and services produced by companies using scarce resources. C) the demand for advertising to increase the sales of the product. D) the demand for the factors of production that are used to produce goods and services.