The CIO was formed as a(n)
A) closed shop.
B) association of industrial unions.
C) union shop.
D) bilateral monopoly.
B
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A decrease in people's disposable income
A) increases saving and decrease consumption. B) increases saving. C) increases investment demand. D) decreases saving. E) increases consumption.
MPP could never be negative
Indicate whether the statement is true or false
There is only a small difference in wages between college graduates and workers who did not attend college
a. True b. False Indicate whether the statement is true or false
A cartel is formed among the major firms in an industry that maximizes joint profits of the firms. Each firm:
A. will be protected from the economic effects of a recession. B. has the incentive to cheat by cutting its price. C. has a perfectly elastic demand for its product. D. will operate at the level of output associated with the kink in the demand curve.