The 1935 Act granting workers the right to form unions and bargain collectively is known as
A) the National Labor Relations Act or Wagner Act.
B) the Wheeler Act.
C) the Taft-Hartley Act.
D) the Modernization Act.
A
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In the above figure, if the real wage is $10 per hour, a labor
A) shortage will occur and the real wage will rise. B) shortage will occur and the real wage will fall. C) surplus will occur and the real wage will rise. D) surplus will occur and the real wage will fall.
Which of the following is not counted as income when the official poverty rate is calculated?
a. Medicaid benefits. b. dividends derived from the ownership of stock. c. earnings derived from a part-time job. d. money income derived from transfer payments.
Why are successful collusive oligopolies rather short-lived?
Refer to Table 4.1. Mike's preferences are consistent with the Ranking Principle because:
A. the two goods are perfect complements.
B. there are no empty cells.
C. in each column, the choices at the top are ranked lower than the choices at the bottom.
D. in each column, the choices at the top are ranked higher than the choices at the bottom.