Which of the following is a correct statement about unions in the United States?
A. Since the 1960s, there has been a gradual increase in the proportion of U.S. workers who are members of unions.
B. The trend away from manufacturing and the deregulation of certain industries has promoted unionization of the U.S. workforce.
C. Half of the top ten U.S. unions now have members who work in service and government occupations.
D. Half of all U.S. workers are union members.
Answer: C
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Consider a closed economy without the government. If the savings rate in the economy is 20% and the aggregate savings is $10,000, the aggregate consumption in the economy is:
A) $37,000. B) $45,000. C) $10,000. D) $50,000.
If the United States has a trade deficit with China, then China must have
A) a trade surplus with countries other than the United States. B) a trade surplus with the United States. C) a trade deficit with countries other than the United States. D) a trade deficit with the United States.
______ provisions in an insurance policy stipulate that it will pay only a certain percentage of losses claimed by the insured
a. Vigilance b. Co-payment c. Non-price exception d. Deductible
The World Bank defines ________ poverty as an income of less than $1.90 per day per person.
A. extreme B. severe C. relentless D. extraordinary