One significant reason for the declining membership in unions in the U.S. is
a. more workers are entering the teaching field
b. increasing employment in the industrial sector
c. the structural shift of the economy toward services
d. increasing cultural diversity in the workforce
e. a decrease in the number of public sector employees
C
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Which of the following refers to when legislators trade votes on legislation?
a. the shortsightedness effect b. the special-interest effect c. rational-ignorance effect d. logrolling
If a decrease in the price of good X results in a decrease in the quantity of Y demanded,
A. good X and good Y are substitutes. B. good X and good Y are complements. C. the cross-price elasticity of demand for good Y is negative. D. There is not sufficient information to determine the relationship between good X and good Y.
One important lesson to keep in mind during benchmarking is that
A. benchmarking is possible only if all environments for the firms under consideration match. B. differences in organizational structures do not matter. C. benchmarking is always a value-adding strategy. D. different architectures are appropriate for different environments.
When demand is inelastic, an increase in price will result in an increase in total revenue.
Answer the following statement true (T) or false (F)