Unions whose membership is confined to workers with a particular skill are known as
a. industrial unions
b. limited unions
c. regional unions
d. craft unions
e. inclusive unions
D
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The export supply curve shows a country's:
a. domestic surplus at various prices below the "no-trade" equilibrium price. b. domestic shortage at various prices below the "no-trade" equilibrium price. c. domestic supply at the "no-trade" equilibrium price. d. domestic surplus at various prices above the "no-trade" equilibrium price. e. domestic shortage at various prices above the "no-trade" equilibrium price.
A rational decision is one that
a. satisfies all desires. b. avoids the intentional allocation of resources. c. assigns available resources in the manner most preferred by decision makers. d. assigns available resources to the uses with the lowest opportunity costs.
The value of the GDP deflator and the real GDP of a country in 2010 (relative to 2008) were 105 and $85 billion, respectively. This implies that the nominal GDP of this country in 2010 was _____
a. $89.25 billion b. $82 billion c. $105 billion d. $141 billion
If the Fed conducts open-market purchases, the money supply
a. increases and aggregate demand shifts right. b. increases and aggregate demand shifts left. c. decreases and aggregate demand shifts right. d. decreases and aggregate demand shifts left.