Which statement concerning powers granted the President of the United States by the Taft-Hartley Act is TRUE?
A) The President can obtain an injunction that will stop a strike, if the strike involves government workers only.
B) The President can require management to negotiate with a union and if the firm's management refuses, the President can appoint an arbitrator to resolve the conflict.
C) The President can obtain an injunction that will stop a strike for an eighty-day "cooling off" period if the strike is expected to imperil national safety or health.
D) The President can obtain an injunction that will stop a strike indefinitely.
C
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The formula for an infinite sum is
A) 1 + b + b2 + b3 + b4 + ... = b / (1 - b). B) 1 + b + b2 + b3 + b4 + ... = 1 / (1 - b). C) 1 + b + b2 + b3 + b4 + ... = 1 / b. D) 1 + b + b2 + b3 + b4 + ... = 1 / (1 + b).
When the Fed purchases more bonds and, thereby, increases the money supply, the initial effects of the more expansionary monetary policy will often be weakened as a result of
a. lower nominal interest rates and a decline in the velocity of money. b. higher nominal interest rates and a decline in the velocity of money. c. higher nominal interest rates and an increase in the velocity of money. d. lower real interest rates and an increase in the velocity of money.
A 10 percent increase in the price of sugar reduces sugar consumption by about 5 percent. The increase causes households to
a. spend more on sugar. b. spend less on sugar. c. spend the same on sugar. d. consume more goods like coffee and tea that are complements of sugar.
Answer the following statements true (T) or false (F)
1) Managers of the dairy farmers association can eliminate the industrywide free-rider problem using the law that makes checkoff payments mandatory. 2) In regard to industrywide advertising, creating small groups of participating firms increases the opportunity for free-riding. 3) Resale price maintenance is only profitable if consumers' valuation of the product-specific service exceeds the retailer's marginal cost of providing it. 4) As a manager, if you are aware that your competitors are bribing officials, your firm does not face negative legal outcomes if you report the bribery. 5) As a manager of a firm operating a foreign market, the FCPA does not allow you to make small facilitating payments, but the U.K. Bribery Act does.