The __________ Act protects employee rights and the __________ Act protects employer rights.
A. Wagner; Taft-Hartley
B. Taft-Hartley; Wagner
C. Sherman Antitrust; Wagner
D. Taft-Hartley; Landrum-Griffin
A. Wagner; Taft-Hartley
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Rent seeking is inefficient logrolling leads to a misallocation of resources
a. True b. False
Bargaining costs are generally high in cases involving environmental externalities because:
a. there are strong incentives to be a free rider. b. many individuals may be affected by the externalities. c. it is difficult to measure the costs of the externalities. d. all of the above.
Which of the following is an example of a leakage from the circular flow of income and expenditure?
a. Investment b. Imports c. Government purchases d. Exports e. Transfer payments
When demand is inelastic, a decrease in price increases total revenue
a. True b. False Indicate whether the statement is true or false