A union is striking a steel company, and then, to put more pressure on the steel company, also promotes a boycott against an auto company that buys steel from the steel company. This latter action is
A) a sympathy strike, and is illegal under the Taft-Hartley Act.
B) a secondary boycott, and is legal under the Landrum-Griffin Act.
C) a secondary boycott, and is illegal under the Taft-Hartley Act.
D) a sympathy strike, and is legal under the Wagner Act.
Answer: C
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a. the free rider problem. b. the Tragedy of the Commons. c. a public good. d. cost-benefit analysis.
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A. an indeterminant B. no C. a negative D. a positive
Keeping a $20 bill in your purse to purchase a movie DVD when it comes out next month means that money functions as a
A) medium of exchange. B) unit of account. C) standard of deferred payment. D) store of value.
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A. not change. B. increase. C. decrease. D. either increase or decrease depending on the relative shifts of AD and AS.