A market
a. is often a physical place
b. facilitates exchanges between buyers and sellers
c. typically involves monetary transactions
d. might not have well-defined geographical limits
e. all of the above
E
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Very low income families may feel despair or pessimism about their future and feel they have little control over their lives. This perspective is called:
a. Spiraling b. Fatalism c. Random disorder d. Depression
If a union negotiates and obtains a wage rate above the competitive wage rate,
A) it must find a way to make workers more productive. B) employment in the union sector will increase relative to employment in the nonunion sector. C) it must find a way to ration jobs among the excessive number of workers who wish to work in the union sector. D) unemployment will increase in the nonunion sector relative to the union sector.