During the 2011 to 2012 period, the wage premium of union workers, when compared to similar nonunion workers, was approximately
a. 9 percent.
b. 20 percent.
c. 28 percent.
d. 33 percent.
B
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During an economic downturn, Keynes argued that firms would have ________ to increase spending because ________.
A. no incentive; interest rates would be too high. B. no incentive; they already had enough capacity to meet demand. C. a strong incentive; interest rates would be too high. D. a strong incentive; they wouldn't have enough capacity to meet demand.
After a nation starts importing a good from overseas, the domestic price of the good
A) stays the same. B) rises. C) falls. D) might change, but more information about what the country exports is needed to determine if the price rises, falls, or does not change. E) might change, but more information about what else the country imports is needed to determine if the price rises, falls, or does not change.
Who makes investment decisions in most modern industrial societies? Discuss the roles played by firms, households, and the capital market
What will be an ideal response?
Refer to the graph shown. Economic output in year 0 is $50 billion. What is potential output in year 3?
A. $54.6 billion B. $50 billion C. $47.0 billion D. $56.3 billion