The practice of forcing employers to use more labor than they would otherwise use is called
A) railroading.
B) featherbedding.
C) dumping.
D) bootstrapping.
Answer: B
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In the above table, the level of autonomous consumption is
A) $9,000. B) $0. C) $5,000. D) $1,000.
Refer to Figure 18-9 to answer the following questions
a. Did the distribution of income become more equal in 2016 that it was in 2015, or did it become less equal? Explain. b. If area A = 1,600, area B = 200, and area C = 3,200, calculate the Gini coefficient for 2015 and the Gini coefficient for 2016.
Externalities are benefits or damages conferred upon people who are directly involved in an exchange of a good or service
a. True b. False Indicate whether the statement is true or false
In the circular-flow diagram, firms produce goods and services using the factors of production
a. True b. False Indicate whether the statement is true or false