Union membership, in terms of percentage of the U.S. civilian labor force
A) has increased steadily since the passage of the Wagner Act.
B) peaked about 1960 and has since declined.
C) was over 50 percent in 1987.
D) has increased dramatically since 1970.
B
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It is generally claimed that state trading, or centrally controlled trading will tend to reach a lower economic welfare than would be reached by allowing market forces to determine trade flow directions and terms of trade
Illustrate a counter-example to this proposition.
If the nominal interest rate is less than the rate of inflation, the real interest rate:
a. will be less than zero. b. will be equal to the nominal interest rate. c. will equal zero. d. will be greater than zero. e. will be equal to the rate of inflation.
Which form of business organization accounts for the largest proportion of sales in the United States?
A) the corporation B) the partnership C) the proprietorship D) the subchapter S partner-based proprietorship.
The number of people classified as employed is 500,000 and the number of people in the labor force is 550,000. The total number of people classified as unemployed is
A. 11,000. B. 50,000. C. 500,000. D. 550,000.