The Clayton Act of 1914 was labeled "Labor's Magna Carta." This act recognized labor as property and deemed that it could not be treated as an article of commerce
Indicate whether the statement is true or false
True
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Universities are able to act as monopsonists in the market for professors because
A) a university usually does not consider hiring faculty members from another institution. B) faculty members usually have to move to a different city when changing universities. C) students like all of their professors. D) senior faculty members are willing to move to a new university at any cost.
In 2011, the top 20% of US families had more than times as much income as the bottom 20%
Exhibit 10-4 Supply and demand curves for food servers
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If the equilibrium wage rate in Exhibit 10-4 increased, the cause could be that:
A. the wage increased. B. the marginal product of labor decreased. C. either the demand for labor increased or the supply of labor decreased. D. the price of the product produced by the labor decreased.
Which of the following is not an example of bartering?
A. Mary paying for her new shoes with her credit card. B. Mrs. Smith treating the neighbor children to pizza after they helped clean up her yard. C. John cutting his neighbor's grass in return for his neighbor washing John's car. D. Sue trading candles with Tom for his bread.