The U.S. labor movement started with
A) aerospace workers unions.
B) industrial unions.
C) craft unions.
D) depression unions.
Answer: C
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Refer to the table below. What is the probability of selling less than 24 cakes?
The above table shows the probability distribution of cake sales at Busy Betty's Bakery.
A) 0.00
B) 0.10
C) 0.90
D) 0.80
When some resources used in production are only available in limited quantities, it is likely that the long-run supply curve in a competitive market is
a. downward sloping. b. upward sloping. c. horizontal. d. vertical.
What is the glue that holds modern economics together?
A. The invisible hand theorem B. The supply and demand model C. Modeling D. The economic decision rule
Starting from long-run equilibrium, a decrease in autonomous investment results in ________ output in the short run and ________ output in the long run.
A. higher; potential B. lower; higher C. lower; potential D. higher; higher