In the U.S., the most recognized entrepreneurs during industrialization were
(a) clearly monopolists.
(b) robber barons, who solely realized the concentrated wealth accumulated nation-wide.
(c) individuals whose market power clearly originated from within the government.
(d) key individuals who were famous or wealthy.
(d)
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Summarize the type of agreement that NAFTA is, its history, the process by which it has been implemented in the last 15 years
What will be an ideal response?
The United States and many other countries often impose trade sanctions on other countries. These sanctions
A) decrease producer and consumer surplus in both the sanctioned and sanctioning countries. B) tend to increase total welfare. C) tend to decrease the deadweight loss. D) tend to decrease consumer and producer surplus only in the sanctioned country.