Command-and-control regulation is flexible
a. True
b. False
Indicate whether the statement is true or false
False
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If the U.S. economy is experiencing falling price levels, the
A. expenditure schedule will shift downward. B. expenditure schedule will shift upward. C. slope of the expenditure schedule increases. D. slope of the expenditure schedule decreases.
As a firm increases its output in the short run, average fixed cost
a. rises steadily b. falls and then rises c. falls steadily d. rises and then falls e. remains unchanged
One of the major points of the circular flow diagram is:
a. If GDP rises due to increased production, incomes earned from producing GDP must rise. b. Increasing gross private domestic investment is the best way for a nation to grow. c. Increasing government spending is the best way for a nation to grow. d. The top and bottom flows are proof that most economies should always be in equilibrium. e. None of the above.
The Wagner Act of 1935
a. prevents unions from acting as cartels. b. allows workers joining a unionized firm to choose not to join the union. c. prevents employers from interfering when workers try to organize a union. d. prevents firms from hiring permanent replacements for workers who are on strike.