A labor union is similar to a __________
Fill in the blank(s) with correct word
cartel
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The argument that it is necessary to protect a new industry to enable it to grow into a mature industry that can compete in world markets is known as the
A) national security argument. B) diversity argument. C) infant-industry argument. D) environmental protection argument. E) national youth protection argument.
Which of the following explains why the demand for loanable funds is negatively related to the real interest rate?
A) A lower real interest rate makes more investment projects profitable. B) Consumers are willing to spend less and hence save more at higher real interest rates. C) Interest rate flexibility in financial markets assures an equilibrium in which saving equals investment. D) All of the above are reasons why the demand for loanable funds is negatively related to the real interest rate.
In general, supply curves slope upward because:
A. the government requires that more units be produced. B. rising prices provide producers with a greater profit incentive. C. consumers buy a greater quantity. D. technology improves the ability of firms to produce more at each possible price.
Refer to the information provided in Figure 34.2 below to answer the question(s) that follow.
Figure 34.2Refer to Figure 34.2. The dollar is currently at Point A. A decrease in the price level in the EU causes a movement to Point
A. E. B. B. C. C. D. D.