The failure of the Knights of Labor to bring about structural change in the U.S. economy and society was mainly due to
a. the disruptive activities of detective agents hired by employers
b. its inability to convince its own members of the importance of these wider goals
c. its failure to represent the less-skilled industrial workers
d. its excessive focus on craft unions
e. its limited membership
B
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A monopoly firm can sell its fourth unit of output for a price of $250 . In order to sell more than five units, it must expect to receive a price:
a. equal to $250. b. greater than $250. c. less than $250. d. equal to $340. e. the price is impossible to calculate with the information given.
The field of economics in which the tools of economics are used to understand the functioning of government is
Other things constant, which of these is likely to increase the supply of tomatoes in the market?
What will be an ideal response?
Moving up (to the left) along a linear demand curve, the price elasticity of demand
A) decreases. B) does not change. C) increases. D) at first increases and then decreases.