Which statement is true?
A. Most U.S. workers are members of labor unions.
B. Union membership has been hurt in recent decades by the decline in manufacturing.
C. The union movement is most powerful in the South.
D. None of these statements are true.
B. Union membership has been hurt in recent decades by the decline in manufacturing.
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The form of business organization with the most flexibility of management is the
a. sole proprietorship. b. partnership. c. corporation. d. cooperative.
Why don't we see firms tie-in the sales of fish filets with the sales of pencils?
A) because the demands for these two goods are positively correlated B) because the demands for these two goods are negatively correlated C) because the demands for these two goods are independent D) It violates the Clean Food Act of 1908.
You decide to forgo a third slice of pizza and have a scoop of ice cream instead. This is an example of the economic concept of:
A. diminishing marginal utility. B. altruism. C. reciprocity. D. selfishness.
In the short run, product differentiation enables firms in monopolistically competitive markets to:
A. act like a monopolist. B. sell a standardized good. C. collude with competing firms to set prices. D. act like perfectly competitive firms.