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What causes the property owners and non-unionized workers in this country to be hostile toward organized labor?
Demand for Imports
The desire and ability of a country to purchase goods and services from other countries.
Floating Exchange Rates
A system in which the value of a currency is determined by the forex market based on supply and demand relative to other currencies, unlike fixed exchange rates that are tied to a physical commodity or another currency.
Gold Convertible
A financial system where a country's currency has a fixed value in terms of gold, allowing it to be exchanged for a specified amount of gold.
Balance-of-Payment Deficits
A situation in the balance of payments where the payments made by a country for its imports, investments abroad, and other outflows are greater than the inflows from exports, foreign investments, etc.
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