Craft unions exert market control by
A) limiting the demand for labor.
B) limiting the supply of labor.
C) setting minimum wages.
D) setting maximum wages.
Answer: B
Economics
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Which of the following statements is correct? In 2014,
a. real income per person in the U.S. was about 4 times that in China. b. real income per person in China was more than 2 times that in India. c. the typical resident of India had less real income than the typical resident of England in 1870. d. All of the above are correct.
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Italy has an absolute advantage in which product?
Economics