As a result of the impact of unions on the labor supply, ______.
a. wages in union jobs are about 15% higher than nonunion jobs
b. wages for nonunion workers outpace union rates
c. union openings often go unfilled due to featherbedding
d. a high percentage of private sector openings are union jobs
a. wages in union jobs are about 15% higher than nonunion jobs
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a. Both d and e b. All of the following c. Welfare payments d. Police salaries e. Social security payments
The top U.S. multinational corporation in terms of both revenues and assets is
a. McDonald's b. Citicorp c. Microsoft d. Ford e. Exxon
"The prisoners' dilemma" is a concept that helps us understand why
What will be an ideal response?
Use a graph to show the effects of an expansionary monetary policy moving an economy out of recession and to potential real GDP. Explain what happens to aggregate demand, real GDP, and the price level
What will be an ideal response?