Unions understand that they can end up being big winners from inflation if they sign multiyear fixed-wage contracts
Indicate whether the statement is true or false
F
Economics
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Refer to the figure above. Which of the following is likely to happen if a price control of $40 is imposed?
A) There will be a surplus of 10 units in the market. B) There will be a shortage of 10 units in the market. C) There will be a surplus of 20 units in the market. D) There will be a shortage of 20 units in the market.
Economics
Critically evaluate the following statement: Government policies to keep the price at which staple foods are bought and sold low helps to reduce poverty and inequality
What will be an ideal response?
Economics