The United Auto Workers is striking against Ford. The Teamsters refuse to deliver steel to Ford. This is an example of
A) a jurisdictional dispute and is illegal under the Taft-Hartley Act.
B) a secondary boycott and is illegal under the Taft-Hartley Act.
C) a sympathy strike and is illegal under the Taft-Hartley Act.
D) a closed shop and is illegal under the Wagner Act.
Answer: C
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Summarize the historical growth record of the United States over the past 50 years in terms of real GDP growth and in terms of real GDP per capita growth. What three qualifications should be made about these growth rates?
Please provide the best answer for the statement.
Firms pay famous individuals to endorse their products because
A) apparently demand is affected not just by the number of people who use a product but also by the type of person that uses the product. B) the firms are irrational and are wasting advertising expenditures. C) famous people obviously know what are the best goods and services. D) famous people only consume high-quality products.
A rational seller will sell another unit of output:
A. as long as the quantity demanded is greater than zero. B. whenever the seller is earning a profit. C. if the seller can charge more than the equilibrium price. D. if the cost of making another unit is less than the revenue gained from selling another unit.
One fundamental concept in financial economics is that an investment's rate of return is:
A. Positively related to the price paid for it B. Inversely related to the price paid for it C. Inversely related to the riskiness of the investment D. Inversely related to the maturity of the investment