How were labor rights affected by the long economic depression of the 1930s?
a. Unions disbanded until the economy improved.
b. Labor unions and reform movements stalled.
c. New anti-labor reforms restricted union activities.
d. Many important pro-labor reforms were passed.
d. Many important pro-labor reforms were passed.
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Public franchises create monopolies by restricting
A) demand. B) prices. C) entry. D) profit.
The study of microeconomics and macroeconomics differ in that:
a. microeconomics is concerned with the domestic economy and macroeconomics is concerned only with the international economy. b. microeconomics examines the individual markets of the economy while macroeconomics studies the whole economy. c. microeconomics studies the actions of households and macroeconomics studies the actions of business firms. d. microeconomics examines the whole economy while macroeconomics studies the individual units of the economy.
In the open-economy macroeconomic model, at the equilibrium real interest rate, the amount that people (including government) want to save exactly balances desired domestic investment
a. True b. False Indicate whether the statement is true or false
An iron and steel manufacturing plant was facing a power crisis on a daily basis. The unit had to stall production for about two hours on an average per day. In order to minimize the loss, the owner decided to invest in a cogeneration unit that would produce enough power to facilitate production during the peak load hours. This action of the manufacturer exemplifies:
A. a monopoly-pricing strategy. B. a forward or downstream integration. C. a backward or upstream integration. D. a dual-pricing strategy.