The Federal Trade Commission regulates which of the following?
A. trade with foreign nations
B. unfair trade practices by businesses
C. financial markets
D. the banking industry
Answer: B
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Starting from long-run equilibrium, a large tax increase will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. recessionary; lower; potential B. expansionary; lower; potential C. expansionary; higher; potential D. recessionary; lower; lower
Which does NOT cause an industry that might otherwise be competitive to tend toward oligopoly?
A) economies of scale B) barriers to entry C) mergers D) strategic independence
As a percentage of nonfarm workers, union membership in the United States grew most rapidly since 1945
a. True b. False Indicate whether the statement is true or false
Octavia does not currently have a job, but she has applied for several jobs in the previous week. Eve is an unpaid stay-at-home mom who has not searched for work in recent years. Who does the Bureau of Labor Statistics count as "out of the labor force"?
a. Octavia but not Eve b. Eve but not Octavia c. both Octavia and Eve d. neither Octavia nor Eve