A business enterprise in which employees must belong to the union before they can be hired is
A) a closed shop.
B) a union shop.
C) a jurisdictional dispute.
D) an industrial union.
A
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As a perfectly competitive firm produces more and more of a good, its economic profit
A) constantly increases. B) constantly decreases. C) first decreases, then increases. D) first increases, then decreases. E) does not change.
"No central bank can be indifferent to its currency's value in the foreign exchange market." Discuss
What will be an ideal response?
The accompanying figure shows Avery's weekly production possibilities curve for scarves. 
Avery's PPC would shift outward if she:
A. devotes less time to knitting each week. B. knits fewer red scarves and more blue scarves each week. C. devotes more time to knitting each week. D. knits more red scarves and fewer blue scarves each week.
Long-run economic profits are possible under
A) perfect competition and oligopoly. B) monopolistic competition and monopoly. C) oligopoly and monopoly. D) monopolistic competition and oligopoly.