In general, as wages increase:
A. people are willing to work less.
B. people are willing to work more.
C. it does not affect people's willingness to work.
D. the benefit of working goes down.
B. people are willing to work more.
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The purpose of the "draft" developed by owners' associations in many professional sports is to
A) assure all players at least a minimum salary. B) control competition among owners for the services of players. C) control competition among players. D) control competition between players and owners. E) keep all teams at roughly equal competitive levels.
According to the equation of exchange, if real Gross Domestic Product (GDP) is $25 billion, the money supply is $10 billion, and the price index equals 2, then the income velocity of money is
A) 5. B) 10. C) 25. D) 50.
According to the graph shown, producer surplus is:
A. $36.
B. $48.
C. $120.
D. None of these.
An industrial union is a union composed of workers in the same skilled profession
a. True b. False