All of the following schools of economics advocate small government in all circumstances as the best policy, except

If a firm faces a downward-sloping demand curve

A) it will always make a profit. B) the demand for its product must be inelastic. C) it can control both price and quantity sold. D) it must reduce its price to sell more units.

A union of all workers from a particular industry is a(n)

A) craft union. B) conglomerate union. C) industrial union. D) expansive union.