Rivalry among firms and individuals for sales to consumers
a. is the natural regulator that makes a market system work.
b. is known as competition.
c. regulates the allocation of resources in a market system.
d. All of these.
d. All of these.
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All of the following describe trends in the labor markets of the industrialized world EXCEPT:
A. growing wage inequality. B. substantial growth in real wages over the twentieth centaury C. low rates of unemployment in Western Europe. D. a slowdown in real wage growth since the 1970s.
Will an increase in the minimum wage create more unemployment if the supply and demand for labor are highly elastic or highly inelastic?
What will be an ideal response?
George Washington's troops at Valley Forge were almost destroyed by price controls
a. True b. False Indicate whether the statement is true or false
The $/€ bid rate is the:
a. Equal to the €/$ ask rate b. Inverse of €/$ bid rate c. Inverse of $/€ ask rate d. Equal to the $/€ ask rate e. Inverse of €/$ ask rate