Which statement is true?
A. Both the Taft-Hartley and Wagner Acts are viewed as pro-labor.
B. Both the Taft-Hartley and Wagner Acts are viewed as anti-labor.
C. The Taft-Hartley Act is viewed as pro-labor and the Wagner Act is viewed as anti-labor.
D. The Taft-Hartley Act is viewed as anti-labor and the Wagner Act is viewed as pro-labor.
D. The Taft-Hartley Act is viewed as anti-labor and the Wagner Act is viewed as pro-labor.
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What is the approximate cost to a professional basketball team of giving ten free tickets for a particular game to children in an orphanage?
A) Probably nothing if the game is not sold out. B) The face price of the tickets C) The value of the opportunities forgone by putting on the game, divided by the number of seats (times ten) D) We cannot tell unless we know the value the orphans place on attending.
Assume the market for candles is competitive. A decrease in the market price of candles
a. decreases the demand for workers who make candles and decreases their equilibrium wage. b. decreases the demand for workers who make candles and increases their equilibrium wage. c. increases the demand for workers who make candles and decreases their equilibrium wage. d. increases the demand for workers who make candles and increases their equilibrium wage..
For a given shift of the aggregate demand curve, the ________ the short-run aggregate supply curve, the ________ the increase in the real GDP and the ________ the increase in the price level
a. steeper; larger; smaller b. steeper; smaller; larger c. more flat; smaller; smaller d. steeper; larger; larger
Constant returns to scale means that as all inputs are increased
A) total output remains constant. B) average total cost rises. C) average total cost rises at the same rate as do the inputs. D) total output increases in the same proportion as do the inputs.