Globalization has had a positive effect on private sector labor union membership rates.
Answer the following statement true (T) or false (F)
False
Globalization tends to reduce private sector unionization because entire companies can simply move to a nonunion country if unions raise their labor costs too much.
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A spontaneous order emerges from individual decisions that cause something to "work" without anyone planning for it to "work".
Answer the following statement true (T) or false (F)
Which of the following most directly reflects the law of diminishing marginal utility?
a. After watching two football games, Terry decides to watch a third game. b. A sports fan enjoys watching Monday night football rather than going to the theater. c. After listening to three compact discs, Kim decides to go bowling rather than listen to a fourth disc. d. A musician receives the biggest ovation of the evening after playing the final number of a recital.
A consumer's optimum is found when
A) prices of goods go down. B) the consumer is achieving the maximum level of utility given market prices and their limited income. C) the marginal utility of the last dollar spent equals 0 for every good. D) the consumer saves part of their income.
Appreciations or depreciations in currency change international relative prices.
Answer the following statement true (T) or false (F)