Which statement is true?
A. Americans first embraced labor unions as an important institution at the same time presidents Teddy Roosevelt and William Howard Taft were breaking up some of the major trusts.
B. Labor leader Samuel Gompers pushed for socialist reforms such as the 8-hour day and the elimination of the wage system.
C. The National Labor Relations Act was passed the year after the Sherman Anti-trust Act of 1891.
D. Labor unions were considered subversive until the 1940s.
D. Labor unions were considered subversive until the 1940s.
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Given the scenario described, if the market price of hammers decreased from $15 to $10:
Assume there are three hardware stores, each willing to sell one standard model hammer in a given time period. House Depot can offer their hammer for a minimum of $7. Lace Hardware can offer the hammer for a minimum of $10. Bob's Hardware store can offer the hammer at a minimum price of $13. A. total producer surplus falls by $5. B. producer surplus for each producer falls by $5. C. Bob's Hardware no longer sells hammers. D. total producer surplus falls by $15.
Assume consumers eat either rice or pasta for dinner every night. If the price of rice increases, then one would expect to see:
A. a decrease in the demand for pasta. B. an increase in the quantity of pasta demanded. C. an increase in the demand for pasta. D. a decrease in the quantity of pasta demanded.
Money solves the problem of double coincidence of wants that would regularly occur under a system of credit.
Answer the following statement true (T) or false (F)
According to the Application, large increases in per capita income in the United States over the past 30 years have
A) led to a higher divorce rate. B) not increased happiness levels. C) had the greatest impact on retired people. D) lowered stress levels.