In the United States, union wages are about ______ percent higher than nonunion wages.
a. 1
b. 5
c. 15
d. 50
c. 15
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Incentive-based regulations:
a. set an environmental goal, but are flexible on how to achieve the goal. b. obtain more efficiency gains is obtainable from CAC regulations. c. effluent taxes are an example of incentive-based regulations. d. all of the above are true. e. none of the above are true.
The rate of return that financial investors require to hold a risky asset minus the rate of return on a safe asset is called the:
A. nominal interest rate. B. real interest rate. C. risk premium. D. discount rate.
Of federal government spending, about _____ is spent on defense and about _____ is spent on Social Security, Medicare and Medicaid.
Fill in the blank(s) with the appropriate word(s).
In a famous series of commercials, the International Ladies' Garment Workers Union (ILGWU) urged buyers to "look for the union label" and to avoid buying clothes not made by ILGWU members. Through the commercials, the ILGWU tried to attain its goals by
a. restricting the number of ILGWU members. b. featherbedding. c. raising the marginal revenue products of ILGWU members. d. creating lower prices for goods made by ILGWU members.