Which of the following is LEAST likely to be a reason for the decline in U.S. union membership?
A) declines in manufacturing employment
B) increases in the work force of the public sector
C) deregulation of transportation industries
D) increasingly more immigrant workers to fill unskilled job positions
Answer: B
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To correct for positive externalities the government
A) should allow the price system to do the correction. B) can impose a tax. C) can give a subsidy. D) should create a public good.
During the Great Depression, real GDP decreased by roughly ____ percent and unemployment rose to roughly ____ percent
a. 5; 10 b. 20; 10 c. 30;25 d. 50;25
The most effective mechanism for reducing runs on banks is _____
a. the discount rate b. deposit insurance c. the reserve requirement d. open-market operations e. the Federal Reserve note
Which of the following is a feature of data collection on wealth concentrations in the United States?
A. Under sampling of the high-income households B. Oversampling of the low-income households C. Oversampling of the high-income households D. Under sampling of the low-income households