A union may negotiate limits on workload in order to increase the demand for labor and raise workers' salaries. This practice is known as:
a. featherbedding.
b. human capital formation.
c. monopsonistic bargaining.
d. artificial demand stimulus.
a
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A defendant believes there is a 70 percent chance that the plaintiff will win $800,000 and a 30 percent chance that the plaintiff will lose and be awarded nothing (zero). The plaintiff believes that there is a 90 percent chance that they will win $800,000 and a 10 percent chance that they will be awarded nothing (zero). The plaintiff's litigation cost is $300,000 and the defendant's litigation
cost is $200,000. What is the plaintiff's expected value from the litigation? A) $375,000 B) $420,000 C) $760,000 D) $520,000
When positive externalities exist, markets tend to overproduce
a. True b. False Indicate whether the statement is true or false
Suppose velocity = 5, money supply = $200, and price = 2. What is the value of real GDP?
A) $10 B) $40 C) $400 D) $500
Which of the following factors influence the position of the long-run aggregate supply curve?
A. the supply of money B. government spending C. taxes D. the level of full-employment output