Why were there so few strikes from 1942-1945?
A. Unions were too weak to strike.
B. Union members were afraid that their employers would move their factories to other countries.
C. It was considered unpatriotic to strike while we were at full-scale war.
D. Labor leaders were afraid that strikes would force financially weak employers out of business.
C. It was considered unpatriotic to strike while we were at full-scale war.
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Which of the following is NOT an example of a transaction cost?
A) the enjoyment of owning the good B) the opportunity cost of time spent looking for stores that sold the good desired C) the cost of returning a defective product D) time spent bargaining over the price of a good
From 2007 to 2008, the Federal Reserve System reduced interest rates, the price which borrowers pay. As a result, economists expected that the quantity of money supplied would
a. increase. b. decrease. c. not change. d. Uncertain-economic theory has no answer to this question.
A conglomerate merger takes place when
A. a firm acquires a competitor. B. similar firms agree to compete. C. a firm integrates its production backward toward its source of supply or forward in its marketing chain. D. a firm buys another firm unrelated to the original firm's business.
The dividends that stockholders receive are:
A. paid before all other obligations of the company are met. B. distributions from profits. C. always equal to the average amount of interest paid to a bond holder, adjusting for the value of the holdings. D. fixed by contract and paid annually.