Strikes are a form of legitimized extortion by which workers withhold labor to extract higher returns for management
Indicate whether the statement is true or false
F
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Empirical studies find that exchange rates are much more variable than inflation differentials. How can we explain this empirical result?
What will be an ideal response?
The current level of deposit insurance is
A) $100,000 per depositor. B) $100,000 per deposit. C) $200,000 per depositor. D) $200,000 per deposit.
Suppose that for a particular firm the only variable input into the production process is labor and that output equals zero when no workers are hired. In addition, suppose that the average total cost when 5 units of output are produced is $30, and the marginal cost of the sixth unit of output is $60 . What is the average total cost when six units are produced?
a. $10 b. $25 c. $30 d. $35
The percentage of the population in the middle-class (defined by Pew as having income between 67% and 200% of median family income)
A. declined from more than 60% in the 1970s to 20% in 2015. B. remained constant at 60% from the 1970s to 2015. C. increased from the 1970s to 2015. D. declined from more than 60% in the 1970s to 50% in 2015.