The world's largest exporter is
A. the United States.
B. Japan.
C. Germany.
D. China.
D. China.
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According to your text, when a shortage exists,
A) buyers compete with buyers. B) buyers compete with sellers. C) sellers compete with sellers. D) the price of the good would tend to fall in order to eliminate the shortage.
Which of the following will tend to increase the ability of a union to increase the wages of its members?
a. Almost all of the firms in the industry are unionized. b. Foreign competition for the product produced by the union labor is intense. c. There is a reduction in the demand for union labor. d. The demand for the product produced by the union labor is highly elastic.
Suppose the US is in a recession while foreign countries that trade with the US are not. How will this affect the US?
A. US imports will fall, US exports will rise, and AD will fall B. US imports will fall, US exports will rise, and AD will rise C. US imports will rise, US exports will fall, and AD will fall D. US imports will fall, US exports will fall, and AD will remain unchanged
Which factor listed below does NOT help account for the age-earning cycle?
A) productivity B) number of hours worked each week C) effects of aging D) racial discrimination