All of the following are true about the Wagner Act of 1935 except that it
a. prohibited unfair labor practices by unions
b. was the most important piece of labor legislation in United States union history
c. established that firms must accept unions as legitimate institutions in collective bargaining
d. guaranteed the union's right to conduct elections freely among workers
e. is regarded by unions as their Magna Carta
A
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In a closed economy, what is the relationship between saving and investment?
A) Saving is greater than investment. B) Investment may be greater or smaller than saving. C) Investment is greater than saving. D) Investment is equal to saving.
If the interest rate goes up, what happens to the investment demand curve?
A) It shifts to the right. B) It shift to the left. C) It stays put. D) We cannot tell.
Signaling is important because: a. it increases social benefits associated with public goods
b. it decreases external costs associated with externalities. c. it reduces information costs associated with asymmetric information. d. all of the above
Which of the following contains a list only of things that increase when the budget deficit of the U.S. increases?
a. U.S. supply of loanable funds, U.S. interest rates, U.S. domestic investment b. U.S. imports, U.S. interest rates, the real exchange rate of the dollar c. U.S. interest rates, the real exchange rate of the dollar, U.S. domestic investment d. the real exchange rate of the dollar, U.S. net capital outflow, U.S. net exports