If a town has a monopsony, this means
a. there is only one employer
b. price discrimination takes place
c. goods are priced too high
d. no unions can exist
e. excess profits are being made
A
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Infant industry protection" refers to:
a. countries' use of protection (tariffs and quotas) to protect their domestic manufacturing activities. b. countries' use of protection to protect their export activities. c. countries' use of short-term protection to protect young industries while they mature. d. countries' use of short-term protection to protect their agricultural activities.
In the IS curve, at __________ income levels, saving is __________, so the interest rate must be __________ to expand investment
A) higher; smaller; lower B) higher; larger; higher C) higher; larger; lower D) lower; larger; lower