A union is a type of cartel

a. True
b. False
Indicate whether the statement is true or false


True

Economics

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A labor union is a group of workers and business owners who join together to improve working conditions

a. True b. False

Economics

In 2010, the United States had a nominal GDP of $14,958 billion and a real GDP of $13,598 billion, what was the GDP deflator?

a. 100 b. 109 c. 110 d. 111

Economics

A good example of a merit good is

a. community colleges b. national security c. lighthouse d. sewer systems e. traffic lights

Economics

The discount rate is

A. set in the money market. B. set by each member bank. C. set by the Federal Reserve District Banks. D. the same as the federal funds rate.

Economics