A group of workers who join together to improve their terms of employment is called:
a. a worker's cooperative.
b. an economic group.
c. a corporate team.
d. a labor union.
d
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Elaborate on your answer to the previous question by using demand curves. For which good does demand change and for which good does the quantity demanded change?
What will be an ideal response?
Doctors and lawyers in every state need a license to practice. This is an example of
A) ownership of a key input. B) consumer protection laws. C) consumer advocacy. D) occupational licensing.
The largest component of national income in the United States is
A) rental income. B) proprietors' income. C) compensation of employees. D) corporate profits. E) net interest.
Referring to the Aggregate Demand - Aggregate Supply diagram in Figure 8.1, which box should be filled with the label RGDP* for the macroeconomic equilibrium level of Real Gross Domestic Product? 
A. Box 1 B. Box 5 C. Box 2 D. Box 6