Wages in American industry are very high because of wage laws.
Answer the following statement true (T) or false (F)
False
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An import quota on a product protects domestic industries by:
a. reducing the foreign supply to the domestic market and, thereby, raising the domestic price. b. increasing the foreign supply to the domestic market and, thereby, lowering the domestic price. c. increasing the domestic demand for the product and, thereby, increasing its price. d. providing the incentive for domestic producers to improve the efficiency of their operation and, thereby, reduce their per-unit costs of production.
Supply chain is the entire vertical process of a firm
Indicate whether the statement is true or false
An example of in-kind income is: a. a welfare payment
b. a cash grant. c. a housing subsidy. d. an unemployment check.
Which of the following was not a cause of the Savings and Loan crisis of the 1980s?
(A) The gold standard (B) High interest rates (C) The deregulation of the industry (D) Bad loans