Which of the following is an example of featherbedding?
a. a craft union's restricting entry into its profession
b. a union-imposed wage floor
c. an increase in labor productivity that results from a decrease in quit rates
d. attempts to reduce the sale of nonunion goods
e. a construction workers union's requiring an unnecessarily large number of workers to do a particular job
E
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According to the circular flow, the value of total output produced and total income
A) will be equal. B) should increase by the unanticipated rate of inflation. C) should differ by the value of intermediate goods. D) will always be increasing in a capitalist economy.
As a result of the rightward shift in the demand curve for labor from LD0 to LD1, the equilibrium level of employment ________ and potential GDP ________
A) increases; increases B) increases; decreases C) decreases; increases D) decreases; decreases
What are the four main ways in which the CPI is an upward-biased measure of the price level?
What will be an ideal response?
Why does adverse selection occur in the health insurance market?
What will be an ideal response?