The provisions of which of the following labor legislation allowed the president to seek a court injunction to prevent a strike for 80 days if the nation's economy is at risk?
a. Landrum-Griffen Act
b. Taft-Hartley Act
c. Wagner Act
d. Walsh-Healy Act
b
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In the labor negotiation game:
a. The payoffs are always higher if you accommodate b. The payoffs are always higher if your opponent accommodates c. The payoffs from accommodating are only higher if your opponent bargains hard d. The payoffs from accommodating are only higher if your opponent accommodates
In 2009 Congress and President Obama approved tax cuts and increased government spending. According to the short-run Phillips curve these policies should have
a. raised unemployment and inflation. b. raised unemployment and reduced inflation. c. reduced unemployment and raised inflation. d. reduced unemployment and inflation.
Deciding if a power company will generate electricity from wind power or coal answers the economic question of:
A. "who consumes the products produced?" B. "what products will be produced?" C. "where will the products be consumed?" D. "how will the products be produced.?"
Normative economics
A. answers the question "What is?" B. predicts the consequences of alternative actions. C. answers the question "What ought to be?" D. is the focus of most modern economic reasoning.