Supplier power tends to be high when
a. your firm purchases critical inputs from the supplier
b. your input choices are highly differentiated
c. Both A&B
d. None of the above
c
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What is an efficiency wage and what effect does it have in the labor market?
What will be an ideal response?
The other name for the National Labor Relations Act of 1935 is
A) the Wagner Act. B) the Taft-Hartley Act. C) the Clayton Act. D) the Wheeler-Lea Act.
In the United States in the early 1980s, there was a government budget
a. surplus and a trade surplus. b. deficit and a trade deficit. c. surplus and a trade deficit. d. deficit and a trade surplus.
Regarding the costs of regulation, which is a FALSE statement?
A) Airline safety standards have increased the price of air travel. B) Automobile safety standards raise the price of cars. C) Regulatory spending by federal agencies has decreased since 1970. D) Pharmaceutical manufacturing safety standards raise the price of drugs.