If Exit Occurs from the U

question 140

Multiple Choice

If exit occurs from the U.S.coal industry and entry occurs into the U.S.solar panel industry,we would expect ________.

• A) wages to fall in both the U.S. coal and steel industries
• B) wages to fall in the U.S. coal industry but remain constant in the solar panel industry
• C) wages to fall in the U.S. coal industry and to rise in the solar panel industry
• D) wages to fall in the U.S. coal industry and to rise in the solar panel industry only if the government imposes a wage ceiling in the solar panel industry

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Definitions:

Analog Meter

A measuring instrument with a moving pointer that displays readings on a graduated scale, used for measuring physical quantities like voltage or current.

Galvanometers

Instruments used to detect and measure small electric currents by deflection of a pointer in the presence of magnetic fields.

Wattmeter

A meter used to measure true power or watts.

True Power

Generally expressed as watts. Describes the amount of electrical energy converted into some other form.