Discuss the benefits of unions
What will be an ideal response?
Some economists argue that unions probably raise social efficiency by increasing productivity. They also reduce wage inequality, reduce profits, and increase stability in the labor force by providing arbitration proceedings and grievance procedures. They also argue unions provide a political voice for union members, and that unions have effectively promoted general social legislation.
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The Fed first announced an inflation target of 2% in
A) 1979. B) 2005. C) 2012. D) 2015.
When a corporation needs capital to expand, its choices are
A. to sell stocks on a stock exchange. B. to sell bonds. C. to reinvest its own earnings. D. All of these responses are correct.
If the graph shown represents Steph's budget constraint, and the price of hairbands were to increase, the slope of Steph's budget constraint would become:
A. steeper, reflecting the fact that hairbands are now relatively less expensive.
B. flatter, reflecting the fact that hairbands are now relatively more expensive.
C. steeper, reflecting the fact that earrings are now relatively less expensive.
D. flatter, reflecting the fact that earrings are now relatively more expensive.
(Ref 3-3 Table: Coffee and Salmon Production Possibilities II) Use Table: Coffee and Salmon Production Possibilities II. This table shows the maximum amounts of coffee and salmon, both measured in pounds, that Brazil and Alaska can produce if they just produce one good. Brazil has a comparative advantage in producing:
A. both coffee and salmon.
B. neither coffee nor salmon
C. salmon only.
D. coffee only.