Craft unions exert market control by
A) limiting the demand for labor.
B) limiting the supply of labor.
C) setting minimum wages.
D) setting maximum wages.
B
You might also like to view...
The most efficient way to encourage the growth of an infant industry is through
A) a voluntary export restraint. B) a tariff. C) a subsidy. D) an import quota.
If the premerger Herfindahl index is less than 1,000 . the Department of Justice is likely to challenge a merger
a. True b. False
Tom buys a futures contract for U.S. Treasury bonds and on the settlement date the interest rate on U.S. Treasury bonds is lower than Tom expected. Tom will have:
A. lost money on his long position. B. gained money on his long position. C. gained money on his short position. D. lost money on his short position.
Which of the following are characteristics of a linear demand curve?
A. It has a constant slope. B. It has a constant elasticity of demand. C. The upper half of the liner demand curve is inelastic. D. All of these