One method unions use to ration available jobs among excess workers is
A) lengthy apprenticeships.
B) to hire only white collar workers.
C) collective bargaining.
D) refuse to unionize.
A
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Given the behavior of the stock market in recent years:
A) most economists still think the efficient markets hypothesis is an accurate description of the daily behavior of the stock market B) most economists think the efficient markets hypothesis provides little insight into the behavior of the stock market C) most economists think the rational investor can outperform the stock market in the long run D) many economists still believe that it is unlikely that investors can hope to earn above-average returns in the stock market by following traditional strategies
Refer to the data. At what level of output is minimum efficient scale realized?
Use the following data to answer the question. The letters A, B, and C designate three successively larger plant sizes.
A. 30.
B. 40.
C. 50.
D. 60.
In the figure above, which of the following represents a real flow of a factor of production?
A) Labor B) Wages C) Goods bought D) Services sold E) Firms' expenditures on factors of production
A(n) ________ relates each possible outcome to its probability of occurrence
A) probability distribution B) frequency C) expected value D) coin toss