The decline in union membership in the manufacturing economy has given way to a rise in union organizing in the ______________.
Fill in the blank(s) with the appropriate word(s).
service economy
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The Keynesian model shows that the economy has a natural tendency toward full employment
a. True b. False Indicate whether the statement is true or false
Federal, state, and local taxes
A. have been falling as a share of GDP since the 1970s. B. have been increasing as a share of GDP since the 1970s. C. are about a quarter of GDP. D. are about one-third of GDP.
On a graph, consumer surplus is the area above the equilibrium price and below the demand curve.
Answer the following statement true (T) or false (F)
Speculation in the sale of public lands
(a) did not occur. (b) placed land in the hands of capitalists at a price that was not competitive. (c) proved to be a necessary evil in transferring land from public to private ownership. (d) was caused by squatters.