How were unions affected by the Landrum-Griffen Act of 1959?
a. It established their right to bargain collectively.
b. It ended labor unions among federal workers.
c. It gave unions greater freedom to conduct union elections.
d. It increased government oversight of finances.
d. It increased government oversight of finances.
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The table above gives some of the entries in the national income and product accounts. The government sector has a ________, and the private sector has a ________
A) surplus of $50 billion; surplus of $25 billion B) deficit of $50 billion; surplus of $25 billion C) surplus of $50 billion; deficit of $25 billion D) deficit of $50 billion; deficit of $25 billion
If foreign holdings of U.S. dollars decrease, holding all else constant,
A) the balance on the U.S. current account will decrease. B) the U.S. balance of trade will decrease. C) the balance on the U.S. financial account will decrease. D) the balance on the U.S. capital account will decrease.
The relative tax burden borne by buyers and sellers is called the:
A. tax wedge. B. tax incidence. C. tax revenue. D. real tax.
What is the source of market power for a monopolistically competitive firm?