A closed shop is one in which
A) a union is prohibited.
B) some members belong to the union while others do not.
C) belonging to a union is a condition of employment.
D) the union is a co-manager of the day-to-day operations of the firm.
Answer: C
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Harvey Rabbitt pays for monthly cable TV service. Last week the cable company informed Harvey that his monthly cable price would go down because the city council has granted approval for three new cable companies to service his area
How is the market for cable TV services affected by this? A) There is a decrease in the quantity of cable TV service supplied. B) There is a decrease in the demand for cable TV service. C) There is a decrease in the supply of cable TV service. D) There is an increase in the supply of cable TV service.
Robert, as a baker has to work long hours and doesn't get much time with his family. Robert's boss, in order to keep Robert working at the bakery would soon have to offer him a
a. positive compensating differential b. negative compensating differential c. nothing can make Robert stay d. none of the above
Which of the following program(s) is (are) in-kind assistance to fight poverty in the United States?
a. b and e. b. Medicaid. c. Unemployment benefits. d. Temporary Assistance to Needy Families (TANF). e. SNAP (food stamps).
Which of the following is false?
a. A production possibilities curve represents the potential total output combinations of any two goods for an economy. b. On a production possibilities curve, we assume that the economy has a given quantity and quality of resources and technology available to use for production. c. If an economy is operating inside its production possibilities curve, it is not at full capacity, and is operating inefficiently. Such an economy's actual output is less than potential output. d. By putting unemployed resources to work or by putting already employed resources to better uses, we could shift out the production possibilities curve.