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Voluntary exchange is based on the principle that all parties must
gain from trade .True
False
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- Legal immigration into the U.S. can be done through the following ways, except: A. Annual immigration quotasB. Refugee programC. H1-B provisionD. Tourism visasThe method of trade to use fixed quantities of goods for import is called.The imposition of a binding minimum wage makes all workers affected by it better off.
- A numerical restriction on amount of a good imported is called a Group of answer choices quota. trade tax. tariff. supply tax.By bargaining for higher wages, unions will likely reduce the quantity of labor demanded by employers unless.Slavery expandedwith the growth of: freight shipment.public education.cotton plantations.northern industries.
- Discuss whether or not a country such as Singapore should regulate the number of migrant workersIs the minimum wage a good policy? Should the government increase the minimum wage or maintain it at its current rate or abolish it altogether.A wage subsidy will: reduce the number of workers employed. increase the unemployment rate, especially among low-skilled workers. reduce the wages received by workers. increase the number of workers employed.
- Hand written questions are strictly prohibitedBlack markets are found in the regulated economies. They arise due to lack of freedom in the economy. Hence black markets are____. a. Markets which are functioning without government's permission b. Markets that are called underground markets c. Markets that sell goods and services which are not legal d. All of the optionsThe goal of rent control is to facilitate controlled economic experiments in urban areas. help the poor by assuring them an adequate supply of apartments. help the poor by making housing more affordable. help landlords by assuring them a low vacancy rate for their apartments.