The Contract Labor Law, which was passed in 1864 and repealed in 1868,
a. authorized labor contracts made abroad between American companies and foreign workers.
b. resulted in a large increase in European immigration to the U.S.
c. was supported by American wage earners.
d. authorized workers to strike and engage in collective bargaining.
a. authorized labor contracts made abroad between American companies and foreign workers.
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According to the reflection effect
A) people think harder about losses than about gains. B) people become more risk preferring over time. C) attitudes toward risk are reversed for gains versus loses. D) subjective probabilities on riskier outcomes are weighted heavier than on less risky outcomes.
In an auction where the bidders values are $740, $700, $660, $650, $400, $325 and $300, the highest three bidders decide to form a bid-rigging cartel. What would the winning bid have been without the cartel?
a. $741 b. $701 c. $661 d. $631
If the automatic stabilizers are creating budget deficits, the economy must be experiencing falling output
a. True b. False Indicate whether the statement is true or false
Who among the following is a free rider? a. Butch breeds the feared pit bulls, and his neighbors now erect fences around their property
b. Fred watches many public television programs, but he has never sent in a contribution. c. Barry steals candy from the store where he works. d. Betty regularly uses the local public library. e. Joe drives 20,000 miles a year on public streets, but he pays no more in taxes than Sam, who only drives 1,000 miles.