"The customer is always right" explains
a. the higher wages paid to members of a union.
b. compensating differentials.
c. persistent wage discrimination based on consumer preferences.
d. All of the above are correct.
c
Economics
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Over the past two decades, the United States has
A. generally had, or been very near to a trade balance. B. had trade deficits in about as many years as it has trade surpluses. C. persistently had a trade deficit. D. persistently had a trade surplus.
Economics
A market failure associated with Keynesian economics is
A) pollution externalities. B) economic agents cannot agree on prices and wages that are socially efficient. C) insurance is imperfect. D) banking panics.
Economics