When an employer has a right to hire anyone, but every nonunion worker hired must join the union within a certain period of time, this is

a. illegal
b. a union shop
c. a closed shop
d. an elastic shop
e. a strike


B

Economics

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Which of the following is a NOT a tool the Fed uses to change the money supply?

a. The tax rate b. The reserve ratio c. Open market operations d. The discount ratee

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Average growth rates of per capita income were close to zero, on average, prior to the Industrial Revolution.

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

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The symbiotic relationship between mass production and mass consumption was best personified by

A. John D. Rockefeller. B. Andrew Carnegie. C. Henry Ford. D. John Deere.

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Last year a country had exports of $50 billion, imports of $60 billion, and domestic investment of $40 billion. What was its saving last year?

a. $30 billion b. $20 billion c. $10 billion d. -$10 billion

Economics