An industrial union:
A. Is most concerned with increasing the demand for workers in an industry
B. Restricts supply of labor through licensing requirements
C. Organizes a wide range of workers in an industry to gain bargaining power
D. Is most effective in a purely competitive industry
C. Organizes a wide range of workers in an industry to gain bargaining power
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Real rates of return are
A. not taxed. B. not adjusted for inflation. C. adjusted for inflation. D. used in individual financing and not corporate financing.
The demand for salt is inelastic, and the supply of salt is elastic. The demand for caviar is elastic, and the supply of caviar is inelastic. Suppose that a tax of $1 per pound is levied on the sellers of salt, and a tax of $1 per pound is levied on the buyers of caviar. We would expect that most of the burden of these taxes will fall on
a. sellers of salt and the buyers of caviar. b. sellers of salt and the sellers of caviar. c. buyers of salt and the sellers of caviar. d. buyers of salt and the buyers of caviar.
Use the aggregate expenditures model and the following values to answer the next question.AMPCIGT$3500.75$400$400$200Determine the change in the equilibrium level of consumption (find ?C) following a decrease in government spending from 400 to 300 (?G = -$100).
A. negative $400 B. positive $400 C. positive $300 D. negative $300
Farm prices and total revenue have generally been failing because:
a. productivity in agriculture has been increasing b. demand for farm products is income elastic c. demand for farm products is price elastic d. all of the above