A right-to-work law makes it illegal for
A) employers to refuse to hire union workers.
B) union membership to be a requirement for continued employment in any establishment.
C) union membership to be denied on the basis of race, gender, or national origin.
D) a union to exist in a state.
Answer: B
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If the demand and supply both increase equally, then the equilibrium price ________, and the equilibrium quantity ________
A) increases; increases B) does not change; increases C) decreases; does not change D) increases; does not change E) increases; decreases
To shift the RS curve rightward as illustrated, the Fed has ________ government securities in the open market. The Fed will undertake this type of policy if it is concerned about ________
A) sold; recession B) sold; inflation C) bought; recession D) bought; inflation E) None of the above answers is correct.
In the table above, if the wage rate is $8.00 per hour, the profit-maximizing number of workers is
A) 1. B) 2. C) 4. D) 5.
Product-specific services are most likely to be valuable for which of the following goods?
A) a professional camera B) a calendar C) a picture frame D) photo printing paper