Which of the following acts limited the power of unions?
A. The Norris-LaGuardia Act
B. The Wagner Act
C. The National Industrial Recovery Act
D. The Taft-Hartley Act
Answer: D
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Suppose that the U.S. government acquires more foreign currency. This change is entered into which of the balance of payments accounts?
A) current account B) capital and financial account C) official settlements account D) reserves account E) trade account
When new firms enter a monopolistically competitive industry, each existing firm's
A) demand curve shifts rightward. B) demand curve shifts leftward. C) marginal cost curve shifts rightward. D) marginal cost curve shifts leftward.
If a country operates on its PPF, it achieves production efficiency
Indicate whether the statement is true or false
Everything else held constant, a weaker dollar will likely hurt
A) textile exporters in South Carolina. B) wheat farmers in Montana that sell domestically. C) automobile manufacturers in Michigan that use domestically produced inputs. D) furniture importers in California.