Strikes occur in about ________ percent of the labor-management negotiations
A) 2
B) 16
C) 25
D) 40
A
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The Bureau of Economic Analysis releases its first estimate of GDP for a particular quarter about a month after the quarter has ended, and continues to release revised GDP estimates for that quarter for
A) three additional months. B) the next 15 months. C) three years. D) more than three years.
An example of a one-time expense for a shoe factory would be buying:
A. a sewing machine, and would be included in total cost. B. a sewing machine, and would be excluded from total cost. C. leather to make the shoes, and would be included in total cost. D. leather to make the shoes, and would be excluded from total cost.
Strictly followed, the single-payer model requires a ban on private insurance for all covered medical services. Which country follows this model most closely?
a. Canada b. Germany c. United Kingdom d. France e. Switzerland
Which of the following conditions does not need to occur for a market to achieve allocative efficiency?
A. The total revenue received by producers equals the total cost of production. B. Consumers' maximum willingness to pay equals producers' minimum acceptable price for the last unit of output. C. The marginal benefit of the last unit produced equals the marginal cost of producing that unit. D. The sum of producer and consumer surplus is maximized.