When compared to a closed shop, a union shop provides the hiring firm with
a. more skilled labor
b. more flexibility in exercising its right to choose its own labor
c. less flexibility in exercising its right to choose its own labor
d. less skilled labor
e. labor at a higher wage rate
B
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Economic growth is generally measured as the percentage increase in a country's
A) real GDP. B) nominal GDP. C) annual employment rate. D) per-capita nominal GDP.
An increase in disposable income ________
A) has no effect on the supply of loanable funds curve B) shifts the supply of loanable funds curve rightward C) shifts the supply of loanable funds curve leftward D) results in movement up the supply of loanable funds curve
Banks and other financial institutions engage in financial intermediation, which
A) can hurt the performance of the economy. B) can benefit economic performance. C) has no effect on economic performance. D) involves borrowing from investors and lending to savers.
Suppose in 2000 . nominal GDP in Russia was 1000 rubles and it increased to 2000 rubles in 2001 . If we know that the base year is 2000 and the GDP deflator in 2001 is 100, then of the 1000 ruble increase in nominal GDP, ______ is an increase in real GDP
a. none or 0 rubles b. all, or 1000 rubles c. 500 rubles d. 2000 rubles e. 100 rubles