A closed shop is one in which
A) a union is prohibited.
B) some members belong to the union while others do not.
C) belonging to a union is a condition of employment.
D) the union is a co-manager of the day-to-day operations of the firm.
C
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Investment is the amount by which ____ grows
a. portfolio b. income c. earnings d. capital
In 2009 Greece's budget deficit rose and people became worried about the ability of the Greek government to make payments on its debt. Which of the these events reduces a country's real exchange rate?
a. an increase in the budget deficit, and increased concerns about the ability of the government to pay back its debt b. an increase in the budget deficit, but not increased concerns about the ability of the government to pay back its debt c. increased concerns about the ability of the government to pay back its debt, but not an increase in the budget deficit d. neither an increase in the budget deficit, nor increased concerns about the ability of the government to pay back its debt
Macroeconomics often relies on microeconomic analysis because
A. microeconomics is older than macroeconomics. B. microeconomic theory can be tested and macroeconomic theory cannot be tested. C. the effects of macroeconomic subjects such as inflation and unemployment are independent of individual consumers and firms. D. all aggregates are made up of individuals and firms.
In terms of jobs gained and lost, economists believe that NAFTA has
A. succeeded unambiguously, in that millions of jobs have been created by free trade. B. failed unambiguously, in that millions of jobs have fled to Mexico. C. helped Canada much more than either Mexico or the United States. D. had little effect on job gains or losses as trade patterns are not easily identifiable with NAFTA.