The Capper-Volstead Act of 1922 applied the Sherman Anti-Trust Act to farm cooperatives, preventing them from restricting output and fixing prices
Indicate whether the statement is true or false
False
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In the above figure, suppose the economy is initially at point a. If the nominal interest rate increases, there is a movement to point such as
A) b. B) c. C) d. D) e.
In the figure above, the poorest 20 percent of all households receive what share of all income?
A) 10 percent B) 20 percent C) 30 percent D) 40 percent
Nontariff measures are generally much more difficult to eliminate than tariffs and quotas because they are embedded more deeply in national economic policies
Indicate whether the statement is true or false
A labor market is divided into two segments. All workers have the same qualifications and find jobs in either segment equally attractive. Initially, both segments are in competitive equilibrium. Then the development of worker prejudice that reduces the hiring of minorities in one segment can lead to a
a. permanent increase in labor supply in the discriminating segment b. permanent increase in labor supply in the nondiscriminating sector c. temporary change in the composition of labor in both segments which will revert back to an equal distribution of workers eventually d. temporary increase in labor supply in both segments e. temporary change in wage rates in both segments