The primary purpose of a strike by labor unions is to
A) force the firm out of business.
B) extract from the firm better and improved conditions of work or contract terms.
C) secure a larger market share for the firm.
D) ensure they get paid for striking.
B
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In a game, what is meant when a player is said to have a dominant strategy?
What will be an ideal response?
Suppose you earn annually compounding interest of 10% (per year) on an initial investment of $1,000. Rounded to the nearest 100, what will your balance in 10 years be?
A. $11,000 B. $5,200 C. $2,600 D. $2,000 E. $1,600 F. None of the above
For a monopolist, marginal revenue is
a. equal to price b. greater than price c. less than price d. represented by a horizontal curve e. equal to average revenue
What is most likely used to create a common denominator between countries’ GDP in the long run?
a. GDP deflator b. market exchange rate c. purchasing power parity d. nominal value