Unions can be perceived as being economically harmful when they
A. strike infrequently
B. successfully negotiate higher wages
C. support modernization and new technology
D. none of the above
Answer: D. none of the above
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Collaborative research is especially important in high-technology sectors because a single firm might not have the resources to develop a significant innovation.
Answer the following statement true (T) or false (F)
Refer to Table 4-8. If a minimum wage of $10.50 an hour is mandated, what is the quantity of labor supplied?
A) 400,000 B) 370,000 C) 340,000 D) 60,000
A mixed economic system is best described as an economy with a mix of
A) state and federal governments. B) domestic and foreign buyers. C) free markets and government control. D) for-profit organizations and not-for-profit organizations.
In the Keynesian model, suppose the Fed sets a target for the real interest rate. If the IS curve shifts down and to the left, and the Fed wants to keep output unchanged in the short run and the price level unchanged in the long run, it will
A. not shift the LR curve. B. shift the IS curve up and to the right. C. shift the LR curve down. D. shift the LR curve up.