Which of the following statements best describes the problems faced by workers in low- income countries?
a. The real problem for many workers in low-income countries is that globalization has made their lives worse, and that they have so few good life alternatives.
b. The real problem for many workers in low-income countries is that globalization has made their lives worse, although it has created a few good life alternatives.
c. The real problem for many workers in low-income countries is not that globalization has made their lives worse, but rather that they now have so many life alternatives.
d. The real problem for many workers in low-income countries is not that globalization has made their lives worse, but rather that they have so few good life alternatives.
d. The real problem for many workers in low-income countries is not that globalization has made their lives worse, but rather that they have so few good life alternatives.
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President Trump's proposed increase in spending on infrastructure projects is an example of discretionary fiscal policy aimed at increasing
A) real GDP and employment. B) tax revenues and the federal budget surplus. C) disposable income and interest rates. D) the money supply and money demand.
Refer to the graph below. If the firm is producing at Q1, the area BADE represents:
A. Total costs
B. Total variable costs
C. Total fixed costs
D. Average variable costs