Which of the following groups does not have an interest in restricting free trade?
A. People who buy the imported product.
B. Producers in import-competing markets.
C. Communities where workers in import-competing markets live.
D. Workers in import-competing markets.
A. People who buy the imported product.
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The first important federal law passed to regulate monopolies in the United States was the
A) Sherman Act. B) Cellar-Kefauver Act. C) Federal Trade Commission Act. D) Clayton Act.
More risk-averse people will:
a. hold fewer risky assets because marginal utility is rapidly diminishing. b. hold fewer risky assets because marginal utility is greater. c. hold fewer risky assets because rates of return are more uncertain. d. hold fewer risky assets because marginal utility is negative.
According to the text, Ethiopia probably has a low per capita real Gross Domestic Product (GDP) because
A. it has a corrupt government. B. it has a low rate of saving. C. it has too many resources. D. there are too many skilled workers in the country.
When a falloff in usage of a product by some consumers causes others to stop purchasing the item there is
A) a dominant effect. B) a negative-sum game. C) positive market feedback. D) negative market feedback.