The leadership of unions must recognize that they face
A) an economic system that is hostile to the interests of workers.
B) a no-win situation whenever they think a strike is necessary.
C) a fundamental trade-off between higher wages for members and higher taxes for members.
D) a fundamental trade-off between higher wages for members and fewer jobs for members.
Answer: D
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The Q-theory of investment is based on high investments being funded by high stock prices of a company
Indicate whether the statement is true or false
The economic theory that suggested an alternative to the rising unemployment and inflation that the static Phillips curve analysis could not explain was the:
a. new classical economic theory. b. monetarist economic theory. c. new Keynesian economic theory. d. classical economic theory. e. traditional Keynesian economic theory.
In which market should you begin your analysis if immigration of low-skilled workers increases?
a. Real loanable funds market, with a shift in the supply of real loanable funds b. Real loanable funds market, with a shift in the demand for real loanable funds c. Foreign exchange market, with a shift in the supply of domestic currency d. Foreign exchange market, with a shift in the demand for domestic currency e. Real goods market with, a shift in aggregate supply
If we were to look at the demand curve for a business traveler on an airline versus a casual vacationer on the same airline, we would see that ______.
a. the business traveler would have a nearly horizontal curve b. both curves would have approximately the same slope c. the casual vacationer would have a less steep slope d. the casual vacationer would have a nearly vertical slope