All of the following are benefits of labor unions EXCEPT
A) unions reduce wage inequity.
B) unions increase the stability of the workforce.
C) unions give workers a political voice.
D) unions maximize employment for all workers.
Answer: D
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Assume the U.S. population is 300 million. If the working age population is 240 million, 150 million are employed, and 6 million are unemployed, what is the labor force?
A) 300 million B) 240 million C) 156 million D) 150 million E) 144 million
Since 1999, the U.S. ________ account has recorded relatively minor transactions, such as migrants' transfers, and sales and purchases of nonproduced, nonfinancial assets
A) capital B) financial C) current D) balance of trade account
Utility theory is an efficient tool in making interpersonal utility comparisons
a. True b. False Indicate whether the statement is true or false
The definition of gross domestic product is
A. the total value of all sales in the economy. B. the total value of production in the domestic economy plus the production of domestic firms in foreign countries. C. the total value of all sales of final and intermediate goods in the domestic economy. D. the total of the money values of all final goods and services produced in the domestic economy within a specific time period.