Workers who organize themselves along industry lines are represented by
A. Manufacturing unions.
B. Skill unions.
C. Craft unions.
D. Industrial unions.
Answer: D
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Which of the following statements is true of a market?
a. An increase in demand, with no change in supply, will increase the equilibrium price and quantity. b. An increase in supply, with no change in demand, will decrease the equilibrium price and the equilibrium quantity. c. A decrease in supply, with no change in demand, will decrease the equilibrium price and increase the equilibrium quantity. d. All of these.
Supporters of globalization argue that multinational firms pay higher wages than local firms, and provide greater benefits for workers than existed in the country prior to globalization
a. True b. False Indicate whether the statement is true or false
Alfonse is a farmer who grows 20,000 bushels of corn each year. Last year, the market price was $3 per bushel. If Alfonse earned $80,000 . the government's target price per bushel must have been
a. $60,000 b. $20,000 c. $4,000 d. $4 e. $1
Pay disparity by race:
A. is caused by a combination of discrimination and differences in skills. B. is caused solely by discrimination. C. is caused solely by differences in skills. D. has disappeared in the last five years.