Unemployed Workers Are Most Apt to Form a Pressure Group

question 3

Multiple Choice

Unemployed workers are most apt to form a pressure group to support ________.

• A)export restrictions
• B)import restrictions
• C)price limitations
• D)import subsidies

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Definitions:

Price Ranges

The spectrum of prices at which a particular good or service is sold in the market.

Equilibrium

A state where supply and demand are balanced, and in the absence of external influences, the values of economic variables will not change.

Total Revenue

The total receipts from sales of goods or services before any expenses are deducted.

Price

The amount of money required to purchase a product or service, set by the interaction of supply and demand.