Labor unions made their largest membership gains in
A. 1900-1915.
B. 1915-1930.
C. 1935-1950.
D. 1965-1980.
C. 1935-1950.
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Which of the following would be most likely to improve the standard of living of a less-developed country?
a. development of strong labor unions. b. more foreign investment, attracted by the expectation of economic and political stability. c. adoption of trade barriers (higher tariffs and quotas). d. widespread use of price controls to allocate goods and resources.
Which of the following typically purchases the most goods and services in the U.S. economy?
A. Businesses. B. Foreigners. C. Federal, state and local governments combined. D. Households.
Refer to the information provided in Table 13.1 below to answer the question(s) that follow. Table 13.1Price ($)Quantity4.002,0003.502,4003.002,8002.503,2002.003,6001.504,0001.004,400Refer to Table 13.1. If a monopoly faces the demand schedule given in the table and has a constant marginal and average cost of $1 per unit of providing the product, what is the level of output that would maximize its profits?
A. 2,000 B. 2,400 C. 2,800 D. 3,200
The product differentiation of firms in an industry is an indicator of the size distribution of firms.
Answer the following statement true (T) or false (F)