The United Steelworkers is an example of a(n)
A) craft union.
B) industrial union.
C) public-sector union.
D) guild.
B
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Sal likes to eat pizza. The ________ is the maximum amount that Sal is willing to pay for one more piece of pizza
A) efficient price B) efficient amount C) marginal benefit D) marginal cost
Economics tells us which resource allocations are preferable.
Answer the following statement true (T) or false (F)
An example of an external force affecting the business cycle is
a. an inventory accumulation. b. the multiplier effect. c. a change in business attitudes toward investment. d. a change in the discount rate by the Fed.
Economists believe mergers can sometimes achieve greater efficiency than two companies that do not merge
a. True b. False Indicate whether the statement is true or false