A union shop exists when the
a. employer is only permitted to hire union members
b. union is the owner of the firm
c. union members are not allowed to be hired
d. employer can hire nonunion workers, but the workers must join the union within a certain time period
e. only stockholders in the firm are also employees
D
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A nation that has invested more in the rest of the world than other countries have invested in it is called a
A) net lender. B) saver nation. C) creditor nation. D) debtor nation. E) net borrower.
Refer to Table 9-7
a. Which country has an absolute advantage in the production of handbags and jackets? b. Which country has a comparative advantage in the production of handbags? c. Which country has a comparative advantage in the production of jackets?
England's American colonies were ultimately more successful than the colonies of other European powers. The reasons for this success include:
a. the realization that successful colonies would provide markets for English goods. b. a focus on establishing permanent settlements. c. the access to land which could be privately owned. d. all of the above.
Which of the following would likely have the greatest effect on the banking system and its ability to loan money?
A. A change in the discount rate by .25 percentage points. B. A change in the target for the federal funds rate by .25 percentage points. C. The purchase of $1,000,000 of federal debt. D. A change in the reserve ratio by 5 percentage points.