A union can influence the demand for labor by:
a. requiring union fees.
b. raising union fees.
c. effective advertising that convinces customers to buy the "union label."
d. all of these.
c
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A minority of American women work outside the home.
Answer the following statement true (T) or false (F)
If workers in Mexico produce fewer goods and services per hour than workers in the United States in all areas of production, then
A) Mexico will benefit from trade with the United States, but the United States will not. B) the United States will benefit from trade with Mexico, but Mexico will not. C) neither Mexico nor the United States will benefit from trade with the other. D) both the United States and Mexico will benefit from trade with the other. E) it is unknown whether either country can benefit from trade with the other.
When the price of a good decreases:
A. the good becomes less expensive relative to other goods and the consumer's purchasing power increases. B. the good becomes less expensive relative to other goods and the consumer's purchasing power decreases. C. the good becomes more expensive relative to other goods and the consumer's purchasing power increases. D. the good becomes more expensive relative to other goods and the consumer's purchasing power decreases.
In the short run, policy that changes aggregate demand changes
a. both unemployment and the price level. b. neither unemployment nor the price level. c. only unemployment. d. only the price level.