In the economic recession, employers _______ the reduction of costs, most particularly in wages, in order to survive in the competitive world markets.
举一反三
- In the economic recession, employers
- We have to______ the cost in order to be more competitive in foreign markets.
- Our product is no longer____ in world markets. A: compete B: competition C: competitor D: competitive
- Which of the following statements about markets is most accurate? A: Markets are usually a good way to organize economic activity B: Markets are usually inferior to central planning as a way to organize economic activity. C: Markets fail and are therefore not an acceptable way to organize economic activity. D: Markets are a good way to organize economic activity in developed nations, but not in less developed nations.
- The "invisible hand" refers to A: the marketplace guiding the self-interests of market participants into promoting general economic well-being. B: the fact that social planners sometimes have to intervene, even in perfectly competitive markets, to make those markets more efficient. C: the equality that results from market forces allocating the goods produced in the market. D: the automatic maximization of consumer surplus in free markets.