What percentage of the 20,000 collective bargaining agreements negotiated each year are concluded without recourse to a strike?
A. 90 percent.
B. 75 percent.
C. 50 percent.
D. 85 percent.
Answer: A
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The above figure shows the market for french fries at fast food joints. If the price of potatoes rises and simultaneously people become concerned that french fries can cause heart attacks the
A) demand curve for french fries shifts from D2 to D1 and the supply curve of french fries does not shift. B) demand curve for french fries shifts from D2 to D1 and the supply curve of french fries shifts from S2 to S1. C) demand curve for french fries shifts from D2 to D1 and the supply curve of french fries shifts from S1 to S2. D) demand curve for french fries does not shift, and the supply curve of french fries shifts from S1 to S2.
In the neoclassical growth theory, differences in per capita income are determined by differences in the
A) saving rate. B) population growth rate. C) depreciation rate. D) all of the above.
Which of the following would be considered a negative real supply shock?
A) a relaxation of government environmental regulations B) a permanent increase in the price of energy C) a decrease in the money supply D) a decrease in aggregate demand
Items subtracted from tax liability are called _____
a. tax credits b. tax deductions c. tax exemptions d. tax exclusions