Which of the following is NOT considered to be a benefit of unionism?
A) increased featherbedding
B) greater workplace safety
C) higher workforce stability
D) provision of arbitration and grievance procedures
A
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Suppose that, instead of taking this test, you could either have worked and earned income or partied and had a pleasurable time. Your opportunity cost of taking the test is the
A) forgone work. B) forgone party. C) forgone working and partying. D) forgone working or partying, depending on which was your next best choice. E) test because you are taking it.
Economic models simplify reality and help us to better understand important aspects of it
Indicate whether the statement is true or false
The person credited with Chinese reforms
a. Deng b. Mao c. Zhou d. Chaing e. Miller
Assume that average labor productivity is the same in each country. Based on the information in the table, which country has the smallest real GDP per capita?CountryPopulation (millions)Share of Population Employed (%)A10060B15055C7550D25045E9540
A. Country B B. Country D C. Country A D. Country E