The dissolving of the _____________ in 1991 resulted in a "peace dividend" for the United States that enabled us to divert tens of billions of dollars a year from military spending to much more productive uses.
Fill in the blank(s) with the appropriate word(s).
Soviet Union
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"Other things being equal, the monopolist hires fewer workers than would be hired than a perfectly competitive industry." Do you agree or disagree? Why?
What will be an ideal response?
What is marginal cost?
To an economist, a single market is associated with
A. a single group of closely related products. B. a specific building where trade takes place. C. all goods traded in a specific geographic region. D. all buyers living in a specific geographic location.
Which of the following refers to dumping?
A. Restricting the sale of domestic goods within the geographic boundary of the country. B. Selling domestic goods in the international market at much lower prices. C. Selling domestic goods of inferior quality in the international markets at higher prices. D. Selling domestic goods at discounted prices to local consumers and selling the same at much higher prices to foreign consumers.