The United States Congress of Industrial Organizations was born as a result of all of the following except
a. minimum wage laws that brought increased competition to unionized workers
b. the industrial growth brought about by technological change
c. craft orientation being an impediment to further union growth
d. the need for broader representation of workers with very different skills and occupations but belonging to a common industry
e. the failure of craft unions to restructure its orientation according to the needs of industrial workers
A
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Use the following figure to answer the question below.
Jorge's opportunity cost of producing 1 pound of corn is ________ pound(s) of green beans.
A. 2 B. 4 C. 1 D. 1/4
What happens in the steady state to the capital—labor ratio, output per worker, and consumption per worker when each of the following events occur? You should assume that the steady-state capital—labor ratio is below the Golden Rule level
(a) Productivity falls. (b) Population growth falls. (c) The saving rate falls. (d) The depreciation rate falls.
Refer to Scenario 10.2. What is the profit maximizing level of output?
A) 0 B) 90 C) 95 D) 100 E) none of the above
Which of the following would not shift the demand curve for pork?
a. an increase in the price of beef b. an increase in the price of pork c. an increase in the incomes of pork consumers d. a widespread advertising campaign for pork e. a finding that consumption of beef increases the risk of heart attack