The Taft-Hartley Act
A. encourages unions to engage in sympathy strikes.
B. permits states to outlaw unions.
C. permits states to pass right-to-work laws.
D. encourages unions to engage in secondary boycotts.
Answer: C
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In the above figure if money income increases, the budget line
A) shifts outward and its slope does not change. B) shifts inward and its slope does not change. C) rotates outward and becomes steeper. D) rotates outward and becomes more shallow.
In the 1970s, the U.S. relied on Command-and-Control models of pollution regulation.
A. True B. False C. Uncertain
From society's point of view, the economic function of profits is to:
A. direct resources in response to changes in the economy. B. equalize incomes. C. ensure that the rich get richer. D. provide revenues to pay high wages.
Shelly purchases a leather purse for $400. One can infer that:
A. her reservation price was less than $400. B. she paid too much. C. her reservation price was at least $400. D. her reservation price was exactly $400.