If the employer is only permitted to hire members of the labor union, the workplace is called a(n)

a. closed shop
b. collective shop
c. agency shop
d. union shop
e. open shop


A

Economics

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Industries in which firms have high fixed costs and low marginal costs are likely to have a:

A. large number of small firms. B. large number of large firms. C. small number of small firms. D. small number of large firms.

Economics

We know that products G and H are related goods, because when the price of G increases,

A) the demand curve for H will shift to the right, because G and H are complementary goods. B) the quantity of H demanded will shift along its demand curve, because G and H are complementary goods. C) the demand curve for H will shift to the left, because G and H are complementary goods. D) the demand curve for H will remain unchanged because G and H are substitute goods.

Economics

The present value of a dollar rises as

A. the interest rate declines and the number of years you wait for your money declines. B. the interest rate rises and the number of years you wait for your money rises. C. the interest rate declines and the number of years you wait for your money rises. D. the interest rate rises and the number of years you wait for your money declines.

Economics

Which of the following are entitlements?

A. Social Security B. Medicare C. defined contribution programs D. Medicare and Social Security

Economics