The United Auto Workers is an example of
A) a public-sector union.
B) a craft union.
C) an industrial union.
D) a socialist union.
Answer: C
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If a firm's goal is to maximize revenue, it will price its product to correspond to the unit-elastic segment of its demand curve
Indicate whether the statement is true or false
Britain's departure from the gold standard in September 1931 ____ bank closures in the United States because ____
a. decreased, the British decided to invest their gold in the U.S b. increased, anyone who wanted gold had to withdraw it from U.S. banks c. decreased, Britain could now follow expansionary monetary policies at home d. increased, people realized that the United States was about to "bail out" Britain with large loans
A company X is unlikely to disclose its organizational chart to its competitor company Y to prevent leak of important strategic information about itself
Indicate whether the statement is true or false
Ruby transfers $700 from her saving account to her checking account. This transaction will
A. not change M1 and decrease M2. B. increase both M1 and M2. C. decrease both M1 and M2. D. increase M1 and not change M2.