Union membership has increased continuously in the United States since the 1950s

Indicate whether the statement is true or false


F

Economics

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Refer to the figure below. Assume demand remains unchanged at D1. If supply shifts from S2 to S1, then the equilibrium price will ________ and the equilibrium quantity will ________. 

A. rise; rise B. rise; fall C. fall; fall D. fall; rise

Economics

The fourth stage in the regulatory process is

A) a crisis. B) response by the financial system. C) regulation. D) regulatory response.

Economics

To understand the public sector, we must understand not only how government allocates resources, but also the importance role that _____ play in the policy-making process

a. corporations b. families c. politics d. individuals

Economics

When a monopoly is maximizing its profits,

A) MR > MC. B) MR < MC. C) dMR/dQ > dMC/dQ. D) dMR/dQ < dMC/dQ.

Economics