Monopolization of either the labor market or the output market results in
A) higher wages than when both are competitive.
B) a higher output price than when both are competitive.
C) a higher level of output than when both are competitive.
D) All of the above.
B
Economics
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The key factor leading to the financial crises in Mexico and the East Asian countries was
A) a deterioration in banks' balance sheets because of increasing loan losses. B) severe fiscal imbalances. C) a sharp increase in the stock market. D) a sharp decline in interest rates.
Economics
Which of the following changes in the exchange rate represents an appreciation of the dollar?
a. 100 yen = $1 to 90 yen = $1 b. 1 yen = $.10 to 1 yen = $.08 c. 1 peso = $10 to 1 peso = $11 d. 200 francs = $10 to 190 francs = $10
Economics