Unions will be more successful where
A. it is easy for competitors to enter the industry.
B. globalization is less extensive.
C. it is easy for the company to hire replacement workers.
D. the state government has passed a "right-to-work" law.
Answer: B
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Thrift institutions include
A) banks, mutual funds, and insurance companies. B) savings and loan associations, mutual savings banks, and credit unions. C) finance companies, mutual funds, and money market funds. D) pension funds, mutual funds, and banks.
Table 7.1GDP?Nominal GDP(in billions of dollars)GDP deflatorCPI2002S6,992.4106.2151.620037,431.6109.1153.820047,843.2112.3157.8Based on Table 7.1, the real GDP for 2004 was
A. $6,811.7 billion. B. $6,584.2 billion. C. $4,970.3 billion. D. $6,984.1 billion.
When a firm produces one unit, the variable cost is $3. When the firm produces two units, the variable cost is $6. What is the marginal cost associated with two units of production?
A) $2 B) $0.5 C) $6 D) $3
Suppose there was a debate regarding military budgets and the Democrat was arguing for a budget increase from $400 billion to $405 billion and the Republican was arguing for the budget to increase to $425 billion. Further, suppose military salaries and procurement of the same weapons systems are project to rise 2%. The Republican accuses the Democrat of proposing a cut to the military while, the Democrat insists his plan increases military spending. What is going on here?
A. The Democrat is cutting the military only if you use current services budgeting. B. Both are proposing cuts. They are both lying, regardless of budgeting technique. C. Both are proposing increases. The Republican is lying, regardless of budgeting technique. D. The Republican is cutting the military only if you use baseline budgeting.