From 1978 to 2003, China grew on average ________ percent per year, a rate faster than any other country in the world.

The union would have a better bargaining position in the negotiations if

a. The firm can hire individual workers at a lower wage b. The union has low wage workers who cannot afford to be off work c. The union has a strike fund to pay workers during work stoppage actions d. The firm can easily replace workers with machinery

If the exchange rate is such that $1 equals 10 Mexican pesos, then the price of a peso is

A) $10. B) $1. C) $0.20. D) $0.10.