Many autoworkers are unionized. Which of the following methods can help them achieve higher wages? I. Training that increases union members' marginal product II. A publicity campaign promoting purchase of union-made automobile
A) I only
B) II only
C) I and II
D) Neither I nor II
C
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The curve that shows the relationship between inflation and unemployment when the economy is at full employment is the
A) aggregate supply curve. B) long-run Phillips curve. C) long-run Okun's curve. D) aggregate demand curve. E) short-run Phillips curve.
Japan's trade policies with regard to rice reflect the fact that
A) japanese rice farmers have significant political power. B) Japan has a comparative advantage in rice production and therefore exports most of its rice crop. C) there would be no gains from trade available to Japan if it engaged in free trade in rice. D) there are gains from trade that Japan captures by engaging in free trade in rice. E) Japan imports most of the rice consumed in the country.
Subsidizing firms that pollute will reduce pollution in the long run.
Answer the following statement true (T) or false (F)
Typically, coffee and tea are
a. complements b. substitutes c. inferior goods d. unrelated goods e. nonmarket goods