Sometimes unions can raise wages above what productivity increases would permit. When this happens, we can be sure that
A) the employment of union workers is increasing.
B) some union workers end up losing their jobs.
C) there is a redistribution of income from union workers to nonunion workers.
D) featherbedding will occur.
B
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Which of the following is the geometric mean of 4 and 9?
A) 6.5 B) 6 C) 36 D) 3.6
Expectation damages: a. leave the parties no worse off than was anticipated under the contract
b. are designed to elicit efficient precaution and efficient reliance on promises. c. are readily awarded by the courts d. a through c e. a and c only
When an economy is experiencing an economic boom and operating beyond its long-run capacity,
a. strong demand for investment funds will push interest rates upward. b. weak demand for resources will push the prices of resources downward. c. weak demand for investment funds will cause the real interest rate to decline. d. the unemployment rate will be greater than its natural rate.
When the price of almonds falls:
A. the demand for almonds decreases, ceteris paribus. B. the demand for almonds increases, ceteris paribus. C. the quantity of almonds demanded decreases, ceteris paribus. D. the quantity of almonds demanded increases, ceteris paribus.