A Luddite is:
A. a worker whose real wage rises as a result of globalization.
B. a consumer who refuses to buy imported goods, even if they are cheaper.
C. a fictional character from American folk history.
D. someone who opposes the introduction of new technologies.
Answer: D
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Define the following terms and explain their importance to the study of economics. a. poverty line b. economic discrimination c. optimal inequality d. negative income tax
What will be an ideal response?
The price of a stock should equal the face value of its expected future dividends.
Answer the following statement true (T) or false (F)