Industrial unions in the United States formed a national organization known as
a. the National Union
b. the Knights of Labor
c. the American Federation of Labor (AFL)
d. the Congress of Industrial Organizations (CIO)
e. the AFL-CIO
D
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Refer to the scenario above. Which of the following is true if Sarah is optimizing in levels?
A) An optimizer will rent the hotel for three days if the total benefit of staying for three days exceeds the total benefits of staying for two days. B) An optimizer will rent the hotel room for three days if the cost of staying for two days exceeds the cost of staying for three days. C) An optimizer will rent the hotel room for three days if the net benefit of staying for three days exceeds the net benefit of staying for two days. D) An optimizer will rent the hotel room for three days if the net benefit of staying for the third day is negative.
The figure above shows Tanya's consumption possibilities. Tanya spends $100 per month on movies and restaurant meals. The price of a movie ticket is ________ and the price of a restaurant meal is ________
A) $7; $15 B) $10; $10 C) $20; $5 D) $5; $20
Refer to the figure below. When P = 4, the price elasticity of demand for the demand curve D1 is ________ and D2 is ________. 
A. 1/3; 2/3 B. 2/3; 1/3 C. 3; 3 D. 1/3; 3
One reason that college graduates earn higher wages than non-graduates is because college graduates:
A. acquire additional skills to allow them to work in more industries than non-graduates. B. always work in more dangerous jobs than non-graduates. C. are always more intelligent than non-graduates. D. are less equipped to deal with technological change, as their skills are technology-specific.