A business enterprise in which employees must belong to the union before they can be hired is
A) a closed shop.
B) a union shop.
C) a jurisdictional dispute.
D) an industrial union.
Answer: A
You might also like to view...
Data on output and aggregate expenditure in Macroland are given in the table below.Real GDP (Y)Aggregate Expenditure (AE)2,0002,3003,0003,2004,0004,1005,0005,0006,0005,900Based on these data, the equilibrium level of output is
A. $32,000. B. $4,100. C. $20,000. D. $5,000.
Assume the desired reserve ratio is 10 percent, banks loan all excess reserves and the currency drain is zero. If the Fed sells $100 million of U.S. government securities to Boise Bank, the monetary base increases by
A) $1 million. B) $10 million. C) $100 million. D) $1,000 million. E) $90 million.
Suppose there are no firms, only the government and households. What would the total demand for funds curve look like in such a world?
a. Downward sloping b. Perfectly horizontal c. Upward sloping d. There would be no such curve e. Perfectly vertical
Which of the following is a difference between absolute advantage and comparative advantage?
a. Absolute advantage occurs when a country has a lower production cost than its trading partner, while comparative advantage occurs when a country produces a good at a lower opportunity cost than its trading partners. b. Absolute advantage occurs when a country has a higher production cost than its trading partner, while comparative advantage occurs when a country produces a good at a higher opportunity cost than its trading partners. c. In the case of absolute advantage, a country experiences an increase in total surplus post trade, while in the case of comparative advantage, a country experiences no change in total surplus post trade. d. Absolute advantage occurs when a country benefits by exporting a particular good, while comparative advantage occurs when a country benefits by importing a particular good.