The Congress of Industrial Organization (CIO) was founded by
A) Samuel Gompers.
B) Jimmy Hoffa.
C) John L. Lewis.
D) George Meany.
C
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The graph shows the labor market for apple pickers in Ohio. If the government sets a minimum wage of $5 an hour, ________ apple pickers are unemployed
A) 6,000 B) 8,000 C) 10,000 D) 14,000 E) more than 14,000
Economic models typically assume that decision makers face constraints because of scarce resources
a. True b. False
If the interest rate rises, an individual could choose to
a. increase consumption when young. b. increase consumption when old. c. decrease consumption when young. d. Any of the above could be correct.
If V is constant, the rate of growth of M that is consistent with a stable price level is
A) zero. B) the rate of growth of PQ. C) the rate of growth of Q. D) the expected rate of inflation. E) none of the above