The Apple iPhone is sold in a box labeled "Made in China," but a study by economists at the Asian Development Bank found that the actual percentage of the price of the iPhone accounted for by the only work done in China, which is assembly, is

When demand shocks lead to recessions, it is mainly due to:

A. price inflexibility. B. the inability of government policy to affect demand. C. unexpected changes in the supply of goods and services. D. government regulations that prevent firms from adjusting output in response to the shocks.

Less than _______% of work time is lost due to strikes in the U.S.

Fill in the blank(s) with the appropriate word(s).