A plant where you can't get a job unless you are a member of the union is a ________ shop; a plant where you can't keep your job after 30 days unless you join the union is a ________ shop.
Fill in the blank(s) with the appropriate word(s).
closed; union
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If the supply curve is perfectly inelastic and the demand curve is a downward sloping straight line, what is the effect of a consumer ad valorem tax on equilibrium price and quantity?
A) Price remains unchanged and quantity increases. B) Price decreases and quantity increases. C) Price decreases and quantity remains unchanged. D) Price and quantity decrease.
Which of the following areas employed more workers in 2013?
a. educational and health services b. business and professional services c. retail trade d. manufacturing companies
The Phillips curve represents a relationship between:
A. inflation and real income. B. inflation and unemployment. C. money supply and interest rates. D. money supply and unemployment.
Total utility may be determined by:
A. multiplying the marginal utility of the last unit consumed by the number of units consumed. B. summing the marginal utilities of each unit consumed. C. multiplying the marginal utility of the last unit consumed by product price. D. multiplying the marginal utility of the first unit consumed by the number of units consumed.