If the union and management cannot come to terms on a labor contract, one legal weapon the union can employ to put pressure on management is to
a. engage in industrial sabotage
b. strike
c. reveal the firm's trade secrets
d. spread false rumors about the financial health of the firm
e. engage in collective bargaining
B
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Which of the following would be considered an example of fiscal policy?
A. Provision of additional cash to the banking system. B. A reduction in income tax rates. C. A broad government initiative to reduce the country's reliance on agriculture and promote high-technology industries. D. Interest rate hikes generated by a reduction in the money supply.
The purpose of the Horizontal Merger Guidelines developed by the Department of Justice and the FTC is to prevent customers from being harmed by the increased market power that might result from a merger of two or more firms
Indicate whether the statement is true or false
In 2008, the wealth of U.S. households fell by ________
A) $11 million B) $11 billion C) $11 trillion D) $11 gajillion
Farmer Ted sells winter wheat in a perfectly competitive market. The market price for a bushel of winter wheat is $9. Ted has 270 bushels of wheat to sell. If his total variable cost is $2000 and his total fixed cost is $500, then
a. Ted should raise his price. b. Ted is minimizing his losses. c. Ted is earning positive economic profits. d. Ted is earning a normal profit