When management shuts down a plant and does not allow workers to perform their jobs, there is a
A. Walkout.
B. Strike.
C. Strikebreaker.
D. Lockout.
Answer: D
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If a person were in the 15% tax bracket and given the choice of a $500 credit or a $2500 deduction,
A. he would not qualify for either. B. he would not care. They would constitute the same tax benefit. C. he would take the credit every time. D. he would take the deduction every time.
During the early 1920s, Germany experienced
A) negative inflation as a result of high money creation. B) hyperinflation as a result of high money creation. C) moderate price changes as a result of a recession. D) hyperinflation as a result of rapidly increasing demand for money. E) hyperinflation as a result of low money creation.
Which of the following situations probably would not yield a negative externality?
A. a rock concert in the quad next to the library B. one person who is smoking cigarettes in a closed room where several other people are present C. a tutor quietly instructs a student in economics as a bystander willingly listens in without the tutor knowing it D. mowing your lawn early on a Saturday morning when you live in a densely populated neighborhood E. All of the above situations would yield negative externalities.
Proponents of the new growth theory argue that which of the following is a determinant of economic growth?
A) An effective system of patent protection B) The quality and size of the nation's educational system C) The proportion of income that goes into research and development D) All of the above