Most collective bargaining agreements in the United States are reached
a. only after binding arbitration
b. only after a strike
c. without a strike
d. only after a strike lasting at least three weeks
e. only after government intervention to avoid a strike
C
You might also like to view...
What all "New Classical" models have in common is the assumption of
A) imperfect information. B) continuous clearing of product and labor markets. C) the primary importance of technological and supply shocks in causing business cycles. D) downward nominal wage rigidity. E) countercyclical real wages.
With a temporary income tax surcharge, according to the ________, household consumption should ________
A) PIH; fall as disposable income falls B) PIH; rise since the decrease is disposable income is temporary C) LCH; fall since disposable income over the lifecycle falls D) None of the above is correct since a temporary change affects neither permanent income or relative lifecycle earnings.
Which of the following scenarios would serve to decrease the demand for unskilled labor in our country?
a. increased productivity gains among the unskilled laborers. b. increased demand for goods produced by unskilled labor. c. increased international trade with countries where unskilled labor is more plentiful. d. increased supply of migrant workers.
If purchasing power parity holds, then if the price of a basket of goods in the U.S. rose from $1,500 to $2,000 and the price of the same basket in Mexico rose from 12,000 pesos to 18,000 pesos
a. inflation was higher in the U.S. than Mexico so the U.S. dollar would appreciate. b. inflation was higher in the U.S. than Mexico so the U.S.dollar would depreciate. c. inflation was lower in the U.S. than Mexico so the U.S. dollar would appreciate. d. inflation was lower in the U.S. than Mexico so the U.S dollar would depreciate.