If you get a job and are never required to join the union, this is known as a(n)

A) closed shop.
B) open shop.
C) agency shop.
D) union shop.


Answer: B

Economics

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When a firm is a price taker, changes in its sales quantity have ______ effect on the price it can charge.

A. a positive B. a negative C. no D. little

Economics

If prices of a nation's exported products rise in comparison to prices paid for imports, that nation experiences a:

a. rise in its international terms of trade. b. decline in its international terms of trade. c. reduction in its imports. d. reduction in its exports.

Economics

You can think of velocity as:

A. how much output money can buy. B. how quickly prices are rising. C. how often money changes hands. D. the ratio of the money supply to the inflation rate.

Economics

Over long periods of time, M2 velocity has been relatively constant.

Answer the following statement true (T) or false (F)

Economics