Bargaining between the management of a company and the management of a union is
A) a closed shop.
B) a bilateral monopoly.
C) a craft union.
D) collective bargaining.
Answer: D
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The Federal Reserve is best suited to alleviating
A) frictional unemployment. B) structural unemployment. C) cyclical unemployment. D) The Federal Reserve is equally suited to alleviate all three types of unemployment.
The production possibilities frontier model shows that
A) if all resources are fully and efficiently utilized, more of one good can be produced only by producing less of another good. B) a market economy is more efficient in producing goods and services than is a centrally planned economy. C) economic growth can only be achieved by free market economies. D) if consumers decide to buy more of a product, its price will increase.
If the goods' money prices do not change, a depreciation of the dollar against the pound
A) makes British sweaters cheaper in terms of American jeans. B) makes British sweaters more expensive in terms of American jeans. C) makes American jeans more expensive in terms of British sweaters. D) doesn't change the relative price of sweaters and jeans. E) makes British jeans more expensive in Britain.
Common stocks are ____ risky for the issuing corporation and ____ risky for the corporation’s stockholders, compared to other financial assets, such as bonds.
A. unusually; unusually B. less; more C. more; less D. very; not