The U.S. transfer system takes funds from the rich and distributes them to the poor. This transfer has significantly impacted income equality in the U.S
Indicate whether the statement is true or false
True
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It is estimated that, on the average and without taking account of skill differentials, union wages are
A) equal to nonunion wages. B) less than nonunion wages. C) 66 percent higher than nonunion wages. D) 100 percent higher than nonunion wages. E) 30 percent higher than nonunion wages.
Discriminatory trade practices are allowed among sister WTO member countries, especially when it comes to
A) the use of child labor in agricultural and textile/apparel products. B) national security and special benefits given to other members of a free trade area. C) the protection of agriculture and textile/apparel from open trade. D) Both A and B are correct. E) Both B and C are correct.
The Sherman Antitrust Act:
a. prohibited restraint of trade. b. created the Federal Trade Commission. c. prohibited fraudulent advertising. d. regulated the railroads.
For a perfectly competitive firm, price always equals marginal cost.
Answer the following statement true (T) or false (F)