Which of the following is a correct statement about unions in the United States?
A) The trend away from manufacturing and the deregulation of certain industries has promoted unionization of the U.S. workforce.
B) Half of the top ten U.S. unions now have members who work in service and government occupations.
C) Since the 1960s, there has been a gradual increase in the proportion of U.S. workers who are members of unions.
D) Half of all U.S. workers are union members.
Answer: B
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Proponents of inward-oriented policies ignore the fact that natural resources are exhaustible, so their long-run market value will fall
a. True b. False Indicate whether the statement is true or false
Total surplus in a market is equal to
a. value to buyers - amount paid by buyers. b. amount received by sellers - costs of sellers. c. value to buyers - costs of sellers. d. amount received by sellers - amount paid by buyers.
When whites are murdered, it is typically at the hands of
A. the races in rough proportion to their population. B. an equal division of blacks and whites. C. other whites. D. blacks.
Explain why contracts are beneficial to markets.
What will be an ideal response?