Which term refers to an economic situation where only one company makes a product and is therefore able to fix the selling price?
a. monopoly
b. capitalism
c. anarchy
d. socialism

Consider the demand for an inferior a good illustrated in the graph below suppose income decreases what effect would this have on the graph

George works in a factory and is a member of the labor union. he thinks his wages are low for the work that he does, so he tells the union representative that his employer should increase his wages. the representative asks the other workers if they feel the same, and they all agree. the following week, the union representative met with the factory owner regarding an increase in wages, and the employer agred to it. what strategy did the union use to get the owner to agree to increase wages? a individual bargaining b. threaten to go on a strike c. collective bargaining d. threaten to quit their jobs e filing a petition to the government reset next ntum. all rights reserved.

Which factors in europe caused the economic situation that occurred following world war i? choose 3. question 4 options: desire for luxury goods now that the war had ended loss of life and property damage from the war high inflation refusal to trade between countries inability to pay back debts strong enforcement from the league of nations