The United Mine Workers and the United Auto Workers are examples of ________ unions.
Fill in the blank(s) with the appropriate word(s).
industrial
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Barbers give a price discount to kids. According to price discrimination, if barbers use price discrimination, this implies demand for hair cuts by kids is more elastic
a. True b. False
Recall some historical facts from the chapter: Which of the following firms grew primarily through vertical mergers?
a. Exxon b. American Can c. General Electric d. Anheuser-Busch e. American Tobacco
If a government price control succeeds in affecting price, it can be expected to lead to a corresponding
a. decrease in the quantity of sales only if the price is forced down. b. decrease in the quantity of sales if the price is forced down and an increase in the volume of sales if the price is forced up. c. decrease in the quantity of sales whether the price is forced up or down. d. increase in the quantity of sales whether the price is forced up or down.
Given the following budget line, (M = PfF + PsS) show the following by reformulating the equation. Assume F (food) is on the horizontal axis and S (shelter) is on the vertical axis.A. The vertical intercept is ________.B. The horizontal intercept is ________.C. The slope of the budget line is ________.
What will be an ideal response?