What time period in U.S. history do we generally recognize as the peak of labor union membership?
A) 1900s-1920s
B) 1920s-1940s
C) 1940s-1970s
D) 1970s-2000s
C
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The use of foreign money instead of domestic money when the domestic economy has a high rate of inflation is called _____
a. currency depreciation b. currency substitution c. capital flight d. currency devaluation e. currency trade
A price ceiling imposed below equilibrium price causes a deadweight loss for society because: a. buyers benefit at the expense of sellers
b. as a result of the ceiling, units of output are not produced despite the fact that the value to consumers exceeds the production cost. c. sellers benefit at the expense of buyers. d. the poor gain at the expense of the rich.
If the demand curve shifts outward and the supply curve remains the same, price will fall
a. True b. False Indicate whether the statement is true or false
Based on the information in the table, how many people are out of the labor force? Population 16 and older1,000,000Participation Rate80%Employed Workers720,000
A. 280,000 B. 144,000 C. 576,000 D. 200,000