Which of the following did the Fair Labor Standards Act (FLSA) of 1938 not accomplish?
a. Lowered the maximum work week to 44 hours for many industries.
b. Outlawed companies' rights to break union strikes.
c. Prohibited many forms of child labor.
d. Set a minimum wage for laborers.
b. Outlawed companies' rights to break union strikes.
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Frictional unemployment is:
A. short-term unemployment that is associated with the process of matching workers with jobs. B. the extra unemployment that occurs during periods of recession. C. the additional unemployment not captured in official statistics resulting from discouraged workers and involuntary part-time workers. D. the unemployment that results when people retire or leave the labor force.
Refer to Figure 7.1. At output level Q2
A) average fixed cost is increasing. B) average variable cost equals average fixed cost. C) marginal cost is negative. D) average total cost is negative. E) none of the above
If the Herfindahl-Hirschman Index of an industry is greater than 1,800, then the Antitrust Division of the Justice Department
A. will not challenge any merger. B. considers the industry moderately concentrated. C. considers the industry unconcentrated. D. will challenge any merger that raises the index by more than 50 points.
Compare the policy prescriptions of Keynesian, Classical, and Monetarist economists
What will be an ideal response?