The union with the largest membership is
A. The International Brotherhood of Teamsters.
B. The American Federation of State, County, and Municipal Employees.
C. The National Education Association.
D. The United Steelworkers of America.
C. The National Education Association.
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If you put $2,000 in a saving account that earns 3% interest per year, what is the formula you should use to determine the account's future value in one year?
A) Future value = $2,000 × 0.03. B) Future value = $2,000 / 0.03. C) Future value = $2,000 / (1 + 0.03). D) Future value = $2,000 × (1 + 0.03).
An example of a good that is rival in consumption is:
A. a hamburger. B. radio signals broadcast over the air. C. national defense. D. public utilities.
If average total cost per unit is minimized when a single producer supplies the entire market, this indicates
a. the presence of limit pricing b. that the single producer is a perfect monopoly c. the presence of substantial economies of scale d. that the market has been narrowly defined e. the existence of a single-price monopoly
Conglomerate mergers are designed to increase market share
Indicate whether the statement is true or false