Which of the following would unions be most likely to support?
A) decreasing the legal minimum wage
B) restricting immigration
C) encouraging imports
D) increasing the elasticity of demand for the goods their workers produce
B
Economics
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Does the principle of optimization imply that people always make the best choices?
What will be an ideal response?
Economics
A circular-flow model and production possibilities frontier are similar in that
a. neither allows economic analysis to occur. b. neither can be represented visually on a graph. c. both make use of assumptions. d. both make use of complex equations to arrive at solutions.
Economics