The biggest benefit to members of a union is:
A. being able to bargain as a group.
B. keeping non-union workers out of their industry.
C. negotiating minimum wage legislation.
D. getting raises without having to do any work.
A. being able to bargain as a group.
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What impact does the Fed's raising the interest rate have on the money supply and on the price level?
A) An increase in interest rates raises the money supply and eventually reduces prices. B) An increase in interest rates lowers the money supply and raises the money demand, which will neutralize price increases. C) An increase in interest rates will increase investment spending and GDP, which will lower prices. D) An increase in interest rates reduces the money demand which will slow the growth in prices.
Studies of income mobility show
a. many lower-income households remain in the lowest quintile over time. b. a welfare trap exists over time. c. many of the lower-income households climb to middle-income and even to upper-income classes over time. d. those in the highest-income quintile stay there permanently.
If significant barriers to entry exist in a market, then the market is best described through the model of perfect competition
a. True b. False Indicate whether the statement is true or false
Why did the Kyoto Protocol have only a small impact on overall global greenhouse-gas emissions? Which two countries missed their targets by the largest amounts?
What will be an ideal response?