Suppose a quota on foreign-made automobiles is proposed in Congress. Which of the following groups is most likely to oppose the bill?
a. American Automobiles Manufacturers. b. Consumers.
c. American Steel Workers. d. United Auto Workers.
b
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Use the following graph to answer the next question.
Which line in the graph above would best illustrate the transactions demand for money curve?
A. Line 1 B. Line 2 C. Line 3 D. Line 4
A PPF, such as the one above, that bows outward illustrates
A) decreasing opportunity cost. B) increasing opportunity cost. C) that technology is improving. D) that productivity is falling.
Assume that the average salary for male professors at a university was $110,000 and the average salary for female professors at the same university was $95,000 . Based on this information, can we conclude that this university engages in gender discrimination? Why or why not?
Under monopoly, resources are allocated as efficiently as in perfect competition.
Answer the following statement true (T) or false (F)