The merger of craft and industrial unions occurred in 1955 with the creation of the AFL-CIO
Indicate whether the statement is true or false
T
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A nation that currently has a surplus in its capital account is called a
A) debtor nation. B) net lender. C) net borrower. D) current account surplus nation. E) creditor nation.
Refer to Scenario 15.3. $X would be higher if
A) her income were higher and she were younger. B) her income were higher and she were older. C) her income and the mortality rates for someone of Ms. Qwerty's statistical profile were both lower. D) her income and the mortality rates for someone of Ms. Qwerty's statistical profile were both higher. E) she were older and the relevant mortality rate were lower.
Honey producers provide a positive externality to orchards because
a. the honey producers get more honey. b. the orchard owner frequently gets stung by the honey producer's bees. c. the orchard owner does not have to purchase bees to pollinate his flowers. d. the honey producers have to rent access to the orchard grounds.
Comparing the examples of Denmark and the United Kingdom in relationship to the European Monetary Union, the krone is pegged to the euro, whereas the British pound is not. What can be predicted then about their interest rates?
a. The United Kingdom has the ability to set its own interest rates and pursue an independent monetary policy, whereas Denmark's rates are virtually the same as those of the euro. b. Denmark gets the benefits of having fixed exchange rates as well as having an independent monetary policy and the ability to set its own rates of interest. c. Denmark's price level in the long run will be much higher than the Eurozone because it has to keep exchange rates fixed. d. The United Kingdom will discover that it cannot lower its own interest rates after all, or the pound will depreciate so far that no investors will make investments in the United Kingdom.