Which statement is true?
A. Today more workers in the U.S. are members of labor unions than any time in our history.
B. Today labor unions are weaker than any time in the last 100 years.
C. No major labor union has called a strike since the 1940s.
D. Labor unions are relatively strong in the public (government) sector.
D. Labor unions are relatively strong in the public (government) sector.
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If you buy an insurance policy with a high deductible and co-payments, you would end up paying
a. A higher premium b. A lower premium c. The premium of a low risk individual d. Both B&C
Invisible hand is a term used by the economist ______ to describe how the decisions of households and firms lead to desirable market outcomes
Fill in the blank(s) with correct word
Which of the following features is included in the NAFTA Agreement?
I. a common tariff structure adopted by Canada, Mexico, and the United States II. elimination of tariffs on trade among Canada, Mexico, and the United States III. free mobility of labor and capital among Canada, Mexico, and the United States a. I b. II c. III d. I, II, and III
A perfectly competitive market is a market that meets the conditions of
A. few buyers and sellers, all firms selling identical products, and no barriers to new firms entering the market B. many buyers and sellers, all firms selling differentiated products, and no barriers to new firms entering the market C. many buyers and sellers, all firms selling identical products, and significant barriers to new firms entering the market D. many buyers and sellers, all firms selling identical products, and no barriers to new firms entering the market