Refer to the Information Provided in Figure 20

question 12

Multiple Choice

Refer to the information provided in Figure 20.3 below to answer the question(s) that follow. Figure 20.3
-Refer to Figure 20.3. The domestic price of shoes is $80. After trade the price of a pair of shoes is $60. This would cause the number of pairs of shoes produced domestically to

• A) increase.
• B) decrease.
• C) remain the same.
• D) fall to zero.

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Definitions:

Democratic Processes

Procedures that are guided by principles of democracy, allowing for equitable participation and decision-making within organizations or communities.

Unions

Organizations formed by workers to protect their rights and interests through collective action and negotiation with employers.

Corporations

Legal entities that are separate from their owners, with the ability to own property, sue or be sued, and engage in contracts and business activities.

AFL-CIO

The American Federation of Labor and Congress of Industrial Organizations, a national trade union center in the United States representing over 12 million active and retired workers.