About ______% of the labor force belongs to a labor union.
A. 8
B. 12
C. 19
D. 26
B. 12
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The basic reason that a competitive unregulated market produces an inefficient amount of a good with an external cost is because
A) producers cannot measure marginal social cost. B) producers do not pay the external cost. C) the general public does not care about external costs. D) external costs are not a political issue. E) the external cost is paid by consumers rather than producers.
The Congress of Industrial Organizations was made up of an organization of craft unions
Indicate whether the statement is true or false
Lou and Alex live together and share household chores. They like to cook some meals ahead of time and eat leftovers. The accompanying table shows the number of rooms they can each clean and the number of meals they can each cook in an hour. Rooms Cleaned Per HourMeals Cooked Per HourLou54Alex33 For Alex, the opportunity cost of cleaning one room is making ________ meal(s); for Lou the opportunity cost of cleaning one room is making ________ meal(s).
A. 1; 4/5 B. 4; 4 C. 3; 5 D. 1; 5/4
The main reason U.S. farmers can produce more than farmers in China is that they
A. have more land. B. have more capital. C. have more labor. D. are better trained.