Workers in the United States were granted the legal right to engage in collective bargaining by the
A) National Labor Relations Act.
B) Taft-Hartley Act.
C) Landrum-Griffin Act.
D) Knights of Labor Act.
A
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The answer is: "After a policy measure is implemented, it takes time to affect the economy." What is the question?
A) What is the wait-and-see lag? B) What is the data lag? C) What is the effectiveness lag? D) What is the transmission lag? E) What is the legislative lag?
A firm is a price taker if
A) seeks to maximize revenue rather than profit. B) cannot influence the market price. C) searches for the best price and then takes the highest profits possible. D) buys inputs for firms.
A(n) ________ in private expenditures as a result of a(n) ________ in government purchases is called crowding out
A) increase; decrease B) decrease; decrease C) decrease; increase D) increase; increase
A merit good is just another name for a public good
Indicate whether the statement is true or false