The union participation rate in the United States is
a. lowest among service workers in the private sector
b. highest among service workers in the private sector
c. lowest among service workers in the public sector
d. highest in heavy industry
e. highest in high-technology industries
A
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The short-run Phillips curve shows the relationship between the inflation rate and the unemployment rate when ________ remain(s) constant
A) fiscal policy B) the natural unemployment rate and the expected inflation rate C) monetary policy D) interest rates E) aggregate demand
In the figure above, which of the following represents a money flow?
A) Goods purchased B) Interest C) Capital D) Services sold E) Goods supplied
"When a person has an absolute advantage in producing a good, the person necessarily has a lower opportunity cost of producing it." Is this assertion correct or incorrect? Explain your answer
What will be an ideal response?
Which of the following is not an advantage of starting a new business as a corporation?
A) separation of ownership and business liability B) possibility of double taxation C) ability to share risks D) enhanced ability to raise funds