The current private sector unionization rate in the United States is closest to
A. 25.7 percent.
B. 12.4 percent.
C. 6.4 percent.
D. 19.3 percent.
Answer: C
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Which of the following will not shift the demand curve for grapefruit?
a. An announcement that eating a grapefruit before every meal will induce weight loss. b. A technical development that allows machines to replace the workers who harvest grapefruit. c. An announcement that eating lots of grapefruit causes skin problems. d. A newspaper story reporting that the preference for oranges has skyrocketed. e. An announcement that grapefruit will definitely cost more next week.
If a horizontal merger between two rival firms reduces competition, all of the following are possible except which one?
A) The managers could face personal fines. B) The firms could face civil penalties. C) The managers could face personal fines, but could not be imprisoned. D) The firms could face criminal fines.
Trade with any nation can be mutually beneficial
a. True b. False Indicate whether the statement is true or false
Congress has divided the authority to police mergers between the Antitrust Division of the U.S. Department of Justice (AD) and the Federal Trade Commission (FTC). How is this authority divided?
A) The AD decides whether proposed horizontal mergers will be challenged; the FTC decides whether proposed vertical mergers will be challenged. B) Both the AD and the FTC are responsible for merger policy. C) The AD always renders its opinion on any proposed merger first. If the AD approves the merger, the case then goes to the FTC for final approval. If the AD disallows the merger, the decision stands and the FTC does not become involved. D) The AD establishes the guidelines that are used to evaluate proposed mergers; the FTC uses these guidelines to decide whether a proposed merger will be allowed to take place.