The National Labor Relations Act of 1935 is also known as the ______.
a. Landrum-Griffen Act
b. Social Security Act
c. Taft-Hartley Act
d. Wagner Act
d. Wagner Act
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When long-run average cost decreases as output increases there are definitely
A) increasing marginal returns. B) economies of scale. C) Both answers A and B are correct. D) Neither answer A nor B is correct.
A liquidity provider is someone who:
A. helps make a market more liquid by being always ready to buy or sell an asset. B. works at a bank and specializes in loans. C. works in the financial system. D. invest in the economy.
The number of unemployed divided by the labor force equals the:
A. duration rate. B. employment rate. C. unemployment rate. D. labor-force participation rate.
Some economists criticize the Lorenz curve because it
A) includes too many things in measuring income, such as food stamps, housing aid, and other government programs. B) does not account for the effect of age on a family's income. C) measures unreported income earned in the underground economy. D) uses after-tax income when pre-tax income is more appropriate.