Each of these is an industrial union except
A. the steel workers' union.
B. the auto workers' union.
C. the teamsters' union.
D. the musicians' union.
D. the musicians' union.
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The exchange rate for the Mexican peso changes from $1 = 5 pesos to $1 = 6 pesos. This change will lead to ________.
A. Mexican goods becoming more expensive for Americans B. U.S. goods becoming less expensive for Mexicans C. an increase in Mexican imports from the U.S D. a decrease in U.S. exports to Mexico
A monopoly faces an inverse demand curve of P = 100 - 2Q. The marginal cost curve is MC = .5Q. What government price ceiling would represent optimal price regulation?
What will be an ideal response?
The interest-rate-based approach to monetary policy says that a change in the money supply influences aggregate demand by
A. changing consumer consumption behavior as they adjust to a change in the number of dollars available. B. a change in interest rates which changes investment. C. leading to shifts of the short-run aggregate supply curve. D. following the monetary rule.
Foreign investment in the United States gives us
A. greater control over our economy. B. less control over our economy. C. neither greater control nor less control over our economy.