The electricians union is a good example of:
A. exclusive unionism.
B. an industrial union.
C. how unions can simultaneously increase wage rates and employment by increasing the
demand for labor.
D. inclusive unionism.
Answer: A
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The scenario in which the trade deficit slowly shrinks over time is called the
a. soft-landing scenario. b. hard-landing scenario. c. fair-trade scenario. d. free-trade scenario. e. protectionist scenario.
The opportunity cost of going to college for a student receiving a scholarship
A) is the income that she would have earned if she did not go to college. B) is the risk of dropping out. C) is the food and living expenses that she has to purchase while in college. D) is zero because she does not have to pay tuition.
Inflation can be defined as
A) an increase in the purchasing power of money. B) a decrease in the purchasing power of money. C) no change in the purchasing power of money. D) an increase in real income.
If real interest rates in the United States rise relative to real interest rates in other countries, other things being equal, a. the exchange value of the dollar would decline relative to other currencies
b. the exchange value of the dollar would increase relative to other currencies. c. there would likely be no effect on the exchange value of the dollar relative to other currencies. d. there would be an indeterminate effect on the exchange value of the dollar relative to other currencies.