Featherbedding means that
A) company management receives a cut from the collected union wages.
B) employers are force to hire apprentices.
C) employers are forced to hire more workers than they want to.
D) a union can join a sympathy strike.
C
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In the ________ zone, movement in AD to the right will increase both the output level and the price level, while a movement in AD to the left would decrease both the output level and the price level.
a. Keynesian b. neoclassical c. intermediate d. equilibrium
If the monopolist's linear demand curve intersects the quantity axis at Q = 30, then the monopolist's marginal revenue will be equal to zero at
a. Q = 10. b. Q = 15. c. Q = 20. d. Q = 30.
The price of pens increases from $2 to $2.20. At the same time, the quantity of pens demanded decreases from 100 to 90. Demand for pens is:
A. perfectly inelastic. B. inelastic. C. unit elastic. D. elastic.
All of the following are considered a barrier to entry into a market EXCEPT
A) government licenses. B) persistent declining long-run average costs as output increases. C) lowering tariffs. D) governmental regulations of business conduct relating to workplace conditions.