Which of the following countries has the largest union membership measured as the percentage of civilian employees in unions?
a. The United States
b. The United Kingdom
c. Sweden
d. Japan
c
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Which statement concerning powers granted the President of the United States by the Taft-Hartley Act is TRUE?
A) The President can obtain an injunction that will stop a strike, if the strike involves government workers only. B) The President can require management to negotiate with a union and if the firm's management refuses, the President can appoint an arbitrator to resolve the conflict. C) The President can obtain an injunction that will stop a strike for an eighty-day "cooling off" period if the strike is expected to imperil national safety or health. D) The President can obtain an injunction that will stop a strike indefinitely.
In the short-run, a monopolistically competitive firm:
a. can earn only a normal profit. b. will produce at the point where marginal revenue is greater than marginal cost, in order to maximize profits. c. will produce at the point at which price equals minimum ATC, to maximize profits. d. will charge a price equal to its marginal revenue. e. will shut down temporarily if price is less than AVC.
Which of the following is true in ski-towns such as Crested Butte, Colorado, and Whistler, British Columbia during the peak winter ski season as compared to the months of May and June?
a. Demand for motel rooms is higher. b. Demand for motel rooms is lower. c. The price of motel rooms will tend to be lower. d. There is a surplus of motel rooms.
The Standard & Poor's 500 index is a broad index of the 500 largest firms from the New York Stock Exchange, the NASDAQ stock market and the American Stock Exchange.
Answer the following statement true (T) or false (F)