Speculation during periods of inflation can result in all of the following except
A. A movement inward from the production possibilities curve.
B. People buying resources for resale later, rather than using the resources for current production.
C. More resources going into the production process.
D. People buying gold, silver, jewelry, and the like instead of capital for production.
Answer: C
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A. 15.3%; 5% B. 1%; 7.65% C. 1%; 5.45% D. 2%; 25%
A firm's employment of labor outside the country in which the firm is located is called
A) featherbedding. B) a lockout. C) outsourcing. D) dumping.
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In an monopolistic market there are:
A. Many buyers B. Few buyers C. Few sellers D. Many sellers