Which of the following is NOT considered to be a benefit of unionism?

A) increased featherbedding
B) greater workplace safety
C) higher workforce stability
D) provision of arbitration and grievance procedures


Answer: A

Economics

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What does the slope of the credit demand curve imply? When do movements along a credit demand curve occur?

What will be an ideal response?

Economics

Firms in monopolistic competition make products that are

A) perfect complements. B) close but not perfect complements. C) perfect substitutes. D) close but not perfect substitutes.

Economics

If potential output equals $8 billion and actual output equals $10 billion, then this economy's output gap should be expressed as:

A. 20 percent. B. 25 percent. C. ?25 percent. D. $2 billion.

Economics

The demand for good X is estimated to be Qxd = 10, 000 ? 4PX + 5PY + 2M + AX, where PX is the price of X, PY is the price of good Y, M is income, and AX is the amount of advertising on X. Suppose the present price of good X is $50, PY = $100, M = $25,000, and AX = 1,000 units. Based on this information, we know that the demand for good X is:

A. inelastic. B. elastic. C. unitary elastic. D. neither elastic, inelastic, nor unitary elastic.

Economics