A union requirement that a truck driver has to be hired to work in a train station would be an example of
A) work expansion.
B) featherbedding.
C) work requirements.
D) work stabilization.
Answer: B
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Citicorp charges an 11 percent interest rate on all new car loans. If the inflation rate is 6 percent, Citicorp receives a real interest rate of
A) 11 percent. B) 6 percent. C) 1.83 percent. D) 0.54 percent. E) 5 percent.
Long-term solutions to communitywide poverty must involve:
A. ways to expand the range opportunities available to the population. B. increasing the value of the currency. C. ways to reduce taxes collected by local governments. D. All of these are true.
If butter and margarine are substitutes, then an increase in the price of butter will reduce the demand for margarine.
Answer the following statement true (T) or false (F)
Corporations have a separation and control problem because
A. the shareholders control the firm. B. taxes are paid only by the board of directors. C. most of the profits are reinvested. D. owners and managers frequently have different incentives.