A jurisdictional dispute is a
A) strike by a union in sympathy with another union's strike or cause.
B) dispute involving two or more unions over which should have control of a particular jurisdiction.
C) business enterprise in which employees must belong to the union before they can be hired and must remain in the union after they are hired.
D) legal environment in which businesses may hire nonunion members conditional on their joining the union by some specified date after employment begins.
B
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An equilibrium in the presence of price floors can be restored by increased consumer effort to obtain scarce goods. ?
Answer the following statement true (T) or false (F)
Peter was recently hired as a salesman for a national consulting firm. His job involves spending a significant portion of his time out of the office visiting prospects and attending conferences. Which of the following is a strategy the consulting firm may employ to discourage Peter from shirking his responsibilities?
a. Tell Peter that the shareholders want to earn a large profit this year. b. Stop paying Peter bonuses based on how much he's sold. c. Allow Peter to set his own schedule and work from home frequently. d. Pay Peter an above-equilibrium wage.
An example of a good that creates a positive network externality is:
A. social network websites (e.g. Facebook). B. the telephone. C. a workers' union. D. All of these are examples of good that create positive network externalities.
Americans generally spend more than _____ of their incomes on services.
A. one-third B. one-half C. two-thirds D. three-quarters