Which of the following is a correct statement about unions in the United States?
A) The trend away from manufacturing and the deregulation of certain industries has promoted unionization of the U.S. workforce.
B) Half of the top ten U.S. unions now have members who work in service and government occupations.
C) Since the 1960s, there has been a gradual increase in the proportion of U.S. workers who are members of unions.
D) Half of all U.S. workers are union members.
B
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Recall the Application. The rise in commodity prices corresponded with ________ in interest rates, and this change in interest rates would result in bond prices ________
A) a decrease; falling B) an increase; falling C) an increase; rising D) a decrease; rising
What factors can lead the real wage rate to be above its full-employment equilibrium level?
What will be an ideal response?
If a town has a monopsony, this means:
a. there is only one employer. b. price discrimination takes place. c. goods are priced too high. d. no unions can exist. e. excess profits are being made
Figure 21-1
In Figure 21-1, if the existing antipoverty program were replaced by a negative income tax, most economists believe that it would result in a move like which of the following?
A. C to F B. A to B C. D to E D. G to D