Each of these is a craft union except
A. the plumbers' union.
B. the textile workers' union.
C. the musicians' union.
D. the air traffic controllers' union.
B. the textile workers' union.
You might also like to view...
Which of the following is a source of market failure?
A) an inequitable income distribution B) unforeseen circumstances which leads to the bankruptcy of many firms C) a lack of government intervention in a market D) incomplete property rights or inability to enforce property rights
Which of the following is not an example of derived demand?
a. As more high school graduates go on to college, more professors are hired. b. As consumers buy more computers, they demand more powerful computers as they become available. c. As people let their hair grow longer, fewer people become barbers. d. As people buy more tennis shoes instead of sandals, they buy more shoe laces. e. Increased demand for overnight delivery speeds up orders for new delivery trucks.
If a price ceiling is to be effective, it should be set
A. Above the equilibrium price, and it will create a market shortage. B. Below the equilibrium price, and it will create a market surplus. C. Below the equilibrium price, and it will create a market shortage. D. Above the equilibrium price, and it will create a market surplus.
The conditions for long-run equilibrium include each of the following, except:
A. current inflation equals expected inflation. B. current inflation is steady and equals target inflation. C. current output equals potential output. D. imports equal exports.