Currently about what percentage of the civilian labor force is unionized in the United States?
A) 6 percent
B) 12 percent
C) 30 percent
D) 70 percent
B
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When a manufacturer's home currency appreciates substantially,
a. domestic sales decline b. foreign sales decline c. company-owned foreign plant and equipment will increase d. margins often decline e. all of the above
Supply curves are positively-sloped because of
a. inefficient allocation of resources. b. the law of diminishing returns. c. economies of scale. d. self-interested suppliers seeking economic profit. e. all of the above.
When economists study the behavior of buyers, they are studying:
A) supply. B) the role of government. C) demand. D) psychology.
The Federal Open Market Committee consists of the seven members of the ________, the president of the Federal Reserve Bank of New York, and ________
A) Federal Reserve's Board of Governors; four members of the Council of Economic Advisors B) Federal Reserve's Board of Governors; four presidents from the other 11 Federal Reserve banks C) Council of Economic Advisors; four presidents from the 11 Federal Reserve banks D) Council of Economic Advisors; four members of the U.S. Banking Committee