Labor unions composed of workers who engage in a particular trade or skill, such as carpentry, are called
A) craft unions.
B) industrial unions.
C) collective unions.
D) closed unions.
Answer: A
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Which of the following does not correctly characterize modern economic growth?
A. It has occurred only in the last 200 or so years. B. It has not affected the average lifespan of human beings. C. It drastically alters the culture and politics of society. D. It spread slowly across the globe, with some societies not having experienced it yet.
The market for high-end cars is likely to be a(n) ________
A) perfect competition B) monopolistic competition C) monopoly D) oligopoly
Compared to the present value of a high school education, the present value of at least a college education is
a. 100 times as great b. nearly double c. the same d. about half e. Present value cannot be used to analyze education
If the CPI was 196.5 in 2005 and 172.2 in 2000, by what percentage did prices rise during the period 2000-2005?
A) 0.10 percent B) 6.43 percent C) 10 percent D) 14.1 percent