Union membership, in terms of percentage of the U.S. civilian labor force
A. was over 50 percent in 2020.
B. has increased steadily since the passage of the Wagner Act.
C. has increased dramatically since 1970.
D. peaked about 1960 and has since declined.
Answer: D
You might also like to view...
When a firm competes in a competitive market with some market power, the profit maximizing level of employment occurs where?
a. MRP=MRC b. ATC=ATR c. VC=FC d. there is no optimal level of employment
The Equilibrium Principle asserts that in a market equilibrium:
A. unexploited opportunities exist for both individuals and society. B. no unexploited opportunities exist for society. C. unexploited opportunities exist for individuals but not for society. D. no unexploited opportunities exist for individuals.
Which of the following statements is true?
A) In Romania under Communist Party rule in the 1980s, Kent cigarettes served as a medium of exchange. This illustrates the use of Kent cigarettes as fiat money. B) Commodity money has no value apart from its use as money. C) In Romania under Communist Party rule in the 1980s, Kent cigarettes served as a medium of exchange. This illustrates the use of Kent cigarettes as commodity money. D) Fiat money must be backed by gold; otherwise it is worthless.
Which of the following is TRUE in perfect competition at long-run equilibrium?
A) P = ATC = MC = MR B) ATC is minimized. C) Economic profit is $0. D) all of the above