The percentage of U.S. workers in the private sector who belong to unions is currently
A) greater than 70 percent.
B) approximately 55 percent.
C) approximately 25 percent.
D) approximately 11 percent.
Answer: D
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The automobile industry is
a. in monopolistic competition because brand names are important b. in monopolistic competition because it has economies of scale c. in monopolistic competition for legal reasons d. an oligopoly because each firm must produce a large amount of output before it can achieve low average costs e. an oligopoly for legal reasons
How is the value of a good determined?
What will be an ideal response?
Which of the following does not appear on the asset side of a bank's balance sheet?
A. required reserves B. checkable deposits C. loans D. excess reserves
The utility that people experience from the consumption of a good depends on
A) their income level. B) their tastes and preferences. C) total sales of the good. D) how much shopping time they spent obtaining the good.