Describe some of the gains from lowering trade barriers that may be difficult to measure
What will be an ideal response?
Cost savings from scale economies and intensified competition, product differentiation, spreading risks, gaining new knowledge, etc.
Economics
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Lifetime income is distributed
A) less equally than annual income and less equally than measured wealth. B) less equally than annual income and more equally than measured wealth. C) more equally than annual income and less equally than measured wealth. D) more equally than annual income and more equally than measured wealth.
Economics
Refer to Table 20-17. Looking at the table above, real average hourly earnings in 2015 were
A) $3.67. B) $5.63. C) $10.24. D) $11.37.
Economics