The reform movements that began in many Latin American economies in the late 1980s favored
A) competitive devaluations.
B) stronger military budgets.
C) imports substitution policies.
D) a stronger role for markets and more openness.
E) more government regulation of industry.
D
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Bridge Coal Company is the only employer in a remote and mountainous region of the country, so the firm is the monopsony buyer of labor in the market. If the price of coal increases, then the firm's:
A) ME curve shifts leftward. B) AE curve shifts rightward. C) ME and AE curves shift rightward. D) MV curve shifts rightward.
If people expect prices to fall in the future, today
a. the consumption curve shifts downward b. the consumption curve shifts upward c. the investment curve shifts downward d. there will be an upward movement along their consumption curves e. there will be a downward movement along their consumption curves