Collective bargaining is the process by which a labor union and a firm negotiate an employment contract
a. True
b. False
A
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Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________. 
A. Rising; A B. Falling; A; C C. Falling; B: C D. Rising; A; C
What are the two techniques to optimization? How do the techniques differ?
What will be an ideal response?
Gary and Christine are two players in game, in which Gary's decisions are based on the choice made by Christine. This is an example of a(n) ________
A) simultaneous move game B) extensive-form game C) pure-strategy game D) zero-sum game
A high level of air pollution worsens the health condition of Cynthia, who is asthmatic. This is an example of a positive externality
a. True b. False Indicate whether the statement is true or false