The United Auto Workers bargained for higher wages and more benefits for autoworkers. As a result of the higher wages and increased benefits,
i. the quantity of new automobiles supplied decreases.
ii. the supply of new automobiles decreases.
iii. the supply of new automobiles increases.
A) only i
B) only ii
C) only iii
D) both i and ii
E) Neither i, ii, nor iii is correct.
B
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An international corporation is one which
a. is owned by individuals in more than one country b. has production facilities in more than one country c. markets its product in more than one country d. is owned by individuals in one country but has its production facility in anothercountry e. is owned in part by private individuals and by governments
Which statement is true?
A. Industry X is more concentrated than Industry Y.
B. Industry Y is more concentrated than Industry Z.
C. Industry Z is more concentrated than Industry X.
D. Industries X, Y, and Z have the same concentration ratio.