If you want to become an actor, and you must join the Screen Actors Guild after your first job, the Screen Actors Guild is a(n)
A) closed shop.
B) open shop.
C) agency shop.
D) union shop.
Answer: D
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A commercial bank creates money when it does all the following except ______
A. decreases its excess reserves B. makes loans C. creates deposits D. puts cash in its ATMs
Food stamps _____
a. do little to increase demand for agricultural products b. make certain low-income individuals eat healthy foods c. increase demand for agricultural products d. help fight obesity
The above figure shows supply and demand curves for apartment units in a large city. If the city government passes a law that establishes $350 per month as the legal maximum rent, producer surplus decreases by
A) d. B) b + f. C) c + g. D) i.
If the wage rate in a monopsonistic industry is $15, the marginal labor cost will be
a. $0 b. $1 c. $15 d. greater than $15 e. less than $15