At its peak labor union membership was about _____% of the labor force.
A. 15
B. 25
C. 35
D. 45
B. 25
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A foreign exchange swap
A) is a spot sale of a currency. B) is a forward repurchase of the currency. C) is a spot sale of a currency combined with a forward repurchase of the currency. D) is a spot sale of a currency combined with a forward sale of the currency. E) make up a negligible proportion of all foreign exchange trading.
Expectations that disposable income will increase in the future will _____
a. shift the current consumption function upward b. shift the current consumption function downward c. result in an upward movement along the current consumption function d. make the current consumption function flatter e. make the current consumption function steeper
Which of the following signals the start of a new expansion?
a. A boom period b. A peak c. An inflation d. A contraction e. A trough
A government action that can help correct positive externalities is
A. an effluent fee charged to producers of the good that provides external benefits. B. a subsidy to consumers of the good that provides external benefits. C. a tax on producers of the good that provides external benefits. D. regulations aimed at reduced production by sellers of the good that provides external benefits.