Which of the following type of shops is unlawful under the provisions of the Taft-Hartley Act?
A) union shops
B) closed shops
C) modified union shops
D) open shops
B
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A downward shift of the planned expenditure curve resulting from an increase in the price level corresponds to
A) a movement up along the aggregate demand curve. B) a movement down along the aggregate demand curve. C) an increase in aggregate demand. D) a decrease in aggregate demand.
Retailers do not find it profitable to engage in promotional activities because
a. They reap the full benefits of the promotion b. They do not have to share the benefits of the promotion with the manufacturer c. They are wary of competing retailers' ability to "free ride" on their efforts d. All of the above
Under a _____ structure, the marginal income tax rate rises and the average tax rate decreases as personal income falls
a. value added tax b. sin tax c. progressive tax d. regressive tax e. lumpsum tax
If the law of diminishing marginal product holds true and workers emigrate from Haiti, the marginal product of the workers remaining in Haiti will:
A. fall because fewer workers are working with the same amount of capital. B. fall because more workers are working with the same amount of capital. C. rise because fewer workers are working with the same amount of capital. D. rise because more workers are working with the same amount of capital.