Labor mobility was
A) less in 1900 than in 2010.
B) unimportant to global integration until the 1960s.
C) greater in 1900 than in 2010.
D) never controversial.
C
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Consumer surplus in a market for a product would be equal to ________ if the market price was zero
A) zero B) the area under the demand curve C) the area between the supply curve and the demand curve D) the area above the supply curve
Suppose the market for shoes consists of three consumers. The accompanying table shows the quantity demanded at various prices for each consumer:PricePer PairPairs Demandedby PatPairs Demandedby LeighPairs Demandedby Chris$100010$75031$50173$302105At $100 per pair, market demand:
A. is less than the quantity supplied. B. intersects the x-axis. C. intersects the y-axis. D. is the same as Leigh's demand.