In recent years, the amount of international trade in which the United States engages has
a. increased, raising domestic demand for unskilled labor.
b. increased, reducing domestic demand for unskilled labor.
c. decreased, raising domestic demand for unskilled labor.
d. decreased, reducing domestic demand for unskilled labor.
b
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Under a pure gold standard
A) the dollar is tied to gold and all other currencies are fixed relative to the dollar. B) all foreign exchanges involve gold for goods and services. C) all currencies are defined in terms of gold and these rates are fixed. D) all trade involves government agencies.
The goal of advertising is to
A) increase the price elasticity of demand for the firm's product. B) reduce the price elasticity of demand for the firm's product. C) increase the standardization of the industry. D) encourage firms to enter into the industry.