The Taft-Hartley Act outlawed all of the following practices EXCEPT
A) secondary boycotts.
B) union shops.
C) closed shops.
D) sympathy strikes.
Answer: B
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Aggregate demand changes when government expenditure on national defense increases by $100 billion. Aggregate demand ________ by ________ than $100 billion because government expenditure ________ induced expenditure
A) decreases; more; decreases B) decreases; less; increases C) increases; less; increases D) increases; more; increases E) increases; more; decreases
Even though Mary's income is very low, she makes sure that she purchases enough milk for her family to drink. As her income rises, she does buy more milk. Which graph in the above figure best represents Mary's Engel curve for milk?
A) Graph A B) Graph B C) Graph C D) Graph D
Economists agree that the cause of the slow economic growth during the 1970s was the tight monetary policy.
Answer the following statement true (T) or false (F)
Refer to the demand and supply diagram that relates to the health care market. The efficiency loss caused by the availability of health insurance is shown by area:
A. P 1 abP 2 .
B. abc.
C. adc.
D. Q 1 acQ 2