Which of the following is a major argument of trade pessimists?
(a) Increased productivity of developed country agriculture.
(b) Increased efficiency in industrial use of raw materials.
(c) Protectionism against labor-intensive manufactures.
(d) All of the above.
D
Economics
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Anne works as a babysitter. She uses her wage as a babysitter to buy a pair of roller skates. In this case, money served the function of ________
A) a medium of exchange B) a unit of account C) a store of value D) a means of deferred payment
Economics
The capacity utilization rate is the ratio of ________ to ________
A) production; capacity B) capacity; production C) capacity; potential GDP D) none of the above
Economics