Currently about what percentage of the civilian labor force is unionized in the United States?
A) 1 percent
B) 12 percent
C) 55 percent
D) 70 percent
Answer: B
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If the U.S. government places tariffs on imports from countries that have been accused of deliberately undervaluing their currencies, the price of these imports will ________ and the demand for the undervalued currency will ________
A) rise; fall B) fall; rise C) rise; rise D) fall; fall
Suppose the economy is initially in long-run equilibrium. For each of the shocks listed below, explain the long-run effects on output and the price level
(a) Labor supply decreases. (b) The government shuts down the Bureau of Economic Analysis. (c) Productivity increases.
If the government removes a binding price ceiling in a market, then the producer surplus in that market will increase
a. True b. False Indicate whether the statement is true or false
A company classified as a small and medium-sized enterprise (SME) has fewer than 500 employees.
a. true b. false