In 1980 the United States announced an embargo on grain exports to the Soviet Union in response to the Soviet invasion of Afghanistan. This embargo was mainly resisted by
A) U.S. grain consumers of bread.
B) U.S. grain producers.
C) foreign grain producers.
D) U.S. communists.
E) economists concerned with U.S. terms of trade.
B
Economics
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Consider the labor market depicted in the above figure. The competitive equilibrium would be for workers to be paid an hourly wage equal to
A) $10. B) $15. C) $20. D) None of the above answers is correct.
Economics
Money is destroyed when: a. new loans are made
b. the net worth of the banking system declines. c. loans are repaid to banks. d. checks written on accounts at one bank are deposited in another bank.
Economics