A union wants to increase its members’ wages without reducing employment. Which of the following strategies might achieve that goal?
A. Setting a high minimum wage rate for its members
B. Increasing the number of members in the union
C. Pushing employers not to allow featherbedding of workers
D. Training its members to work more productively
Answer: D
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Skilled labor commanded a higher wage than unskilled labor in both the U.S. and Europe between 1789 and 1860 . However, skilled wages in the U.S. were higher, on average. A higher land to labor ratio in the U.S
can explain the higher wage rates of skilled workers in the U.S. Indicate whether the statement is true or false
Which of the following is a test of the statistical significance of the entire regression equation?
A) t-test B) R2 C) F-test D) Durbin-Watson test
When a firm incurs losses in the short run, the most important consideration in determining whether to continue producing is whether
a. marginal cost equals marginal revenue b. average total cost is at its minimum c. average variable cost is at its minimum d. revenues cover some of its fixed costs and all of its variable cost e. total revenue exceeds total cost
In the U.S., the percentage of total population living in poverty fell significantly during which of the following periods?
A. 1959-1969 B. 1969-1979 C. 2001-2004 D. 2008-2011