Featherbedding refers to
A) training programs initiated by the unions to make the less-skilled workers more productive.
B) attempts by management to reduce workers' interest in a union.
C) the practice that forces employers to use more labor than they would otherwise.
D) the amount of the union premium.
Answer: C
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The menu cost theory suggests that
A) wages and prices move freely and quickly. B) the economy is characterized only by perfect competition. C) there will be no unemployment. D) firms find frequent price changes to be costly.
An increase in the Japanese interest rate will ________ the demand for dollars and lead the dollar to ________
A) increase; appreciate B) increase; depreciate C) decrease; appreciate D) decrease; depreciate
Given the production function Y = A if output grows by five percent, the capital input grows by five percent, and the labor input grows by two percent, calculate the Solow residual
Calculate the growth rates of output per worker and capital per worker.
A cartel is:
A. a firm that always has a dominant strategy. B. a number of firms who collude to make collective production decisions about quantities or prices. C. a duopoly with more than two firms. D. the "leader" of an industry, typically the firm with the largest market share.