Collective bargaining
A. is bargaining between unions and management.
B. has nothing to do with fringe benefits.
C. is practiced in non-union related disputes.
D. is illegal in many states.
Answer: A
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If the quantity of money demanded is less than the quantity of money supplied, then the
A) interest rate will decrease. B) interest rate stays the same. C) interest rate will increase. D) effect on the interest rate is indeterminate.
By acting as a lender of last resort during a bank panic, the Federal Reserve enables banks to
A) encourage the public to borrow directly from the Fed to alleviate the panic. B) call in their loans from their customers to restore faith in the banking system. C) borrow increasingly large amounts from the Fed, which will reduce the public's faith in the banking system. D) satisfy customers' desires to withdraw money and eventually restore the public's faith in the banking system.
How many people are unemployed if the employment ratio is 75%, there are 90 million people employed, and there are 20 million people not in the labor force?
A) 20 million B) 10 million C) 5 million D) 0 million
In 1900, the population of _____ had the highest average income level of any country in the world
a. Germany b. the United States c. the United Kingdom d. France