A right-to-work law makes it illegal for
A) employers to refuse to hire union workers.
B) union membership to be a requirement for continued employment in any establishment.
C) union membership to be denied on the basis of race, gender, or national origin.
D) a union to exist in a state.
B
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Abercrombie & Fitch wants to raise $8 million to finance the construction of a new store, and the company wishes to raise the funds through direct finance. Which of the following methods could it use?
A) It could sell $8 million in bonds. B) It could borrow $8 million from a bank. C) It could issue $8 million in stocks. D) It could choose either A or C.
An increase in a country's rate of inflation is apt to
A) reduce its imports and improve its trade balance. B) lower its nominal rate of interest and encourage an inflow of capital. C) worsen its balance of trade and balance of payments. D) decrease demand for the country's currency.
Providing training for unemployed individuals is primarily intended to reduce
a. frictional unemployment. b. seasonal unemployment. c. structural unemployment. d. cyclical unemployment.
A small country is considering imposing a tariff on imported wine at the rate of $5 per bottle. Economists have estimated the following based on this tariff amount: World price of wine (free trade):$20 per bottleDomestic production (free trade):500,000 bottlesDomestic production (after tariff):600,000 bottlesDomestic consumption (free trade):750,000 bottlesDomestic consumption (after tariff):650,000 bottles The imposition of the tariff on wine will cause the surplus of the domestic consumers to ________ by about
A. fall; $3.5 million. B. fall; $10 million. C. rise; $3.5 million. D. fall; $250,000.