A jurisdictional dispute is a
A) strike by a union in sympathy with another union's strike or cause.
B) dispute involving two or more unions over which should have control of a particular jurisdiction.
C) business enterprise in which employees must belong to the union before they can be hired and must remain in the union after they are hired.
D) legal environment in which businesses may hire nonunion members conditional on their joining the union by some specified date after employment begins.
Answer: B
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"Taxes are what we pay for a civilized society." This statement was made by
A) Herbert Hoover. B) Adam Smith. C) Franklin Roosevelt. D) Oliver Wendell Holmes.
If the government wishes to increase GDP by $1,200b, and the MPC is 0.75, it should:
A. increase its spending by $300b. B. decrease its spending by $300b. C. increase its spending by $900b. D. decrease its spending by $900b.
The crowding-in effect results from
a. a low MPS. b. induced investment. c. induced consumption. d. rising interest rates.
The largest component
A. Of GDP is government purchases. B. Of GDP is investment. C. Of C is nondurable goods. D. Of C is services.