What percentage of American workers now belong to labor unions?
a. less than 20 percent
b. about 40 percent
c. about 60 percent
d. more than 80 percent
a
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Unilateral transfers are
A) transactions that take place across national boundaries but in which both transactions are citizens of the same country. B) government transactions that use gold and other official reserves. C) gifts from a resident of one country to a resident in a foreign country. D) the payments of interest to residents of another country.
What moderates the downturn when the economy heads into recession or moderates the recovery when the economy heads into prosperity?
a. tax transfers b. inventory investment c. the accelerator d. real depreciation e. automatic stabilizers
Which of the following would be consistent with a decline in labor productivity?
a. Faster growth in capital formation b. Enhanced worker quality c. Decreased manufacturing production d. High federal government budget surpluses
Perfect competition is characterized by all of the following EXCEPT
a. a large number of buyers and sellers. b. identical products. c. sellers acting together to set prices. d. well-informed buyers and sellers.