Violent labor-management conflicts of the late 1800s included all of the following except
a. the Haymarket Square riot
b. the Carnegie Homestead Works incident
c. the Pullman strike
d. the Credit Mobilier scandal
d. the Credit Mobilier scandal
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Goods like exclusive designer clothes carry with them prestige value linked to their price. As a result, some people demand more of such goods as the price increases. For those people, such goods are Giffen goods.
Answer the following statement true (T) or false (F)
Unemployment
a. usually decreases whenever nominal GDP decreases. b. usually increases whenever real GDP decreases. c. usually decreases whenever nominal GDP increases. d. usually increases whenever the price level increases.
Thinking about the Coase theorem, the private solution yields __________ amount of efficiency and ___________ distribution of surplus as compared to a government solution.
A. the same; the same B. the same; a different C. a different; the same D. a different; a different
Regulating firms so that they always receive a guaranteed profit rate will lead to greatest efficiency
a. True b. False Indicate whether the statement is true or false