The Taft-Hartley Act of 1947 made
A) union shops illegal.
B) closed shops illegal.
C) sympathy strikes legal.
D) secondary boycotts legal.
B
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Refer to the table below. If the senior manager learns that either a Fair or Poor market will exist when the drug is introduced to the market, which drug should the senior manager pursue?
The senior manager of Rx Pharmaceuticals needs to decide which of three drugs the company should consider developing. The estimated profit for each of the drugs differs depending on the market conditions when the respective drugs are introduced to the market. The above table summarizes the estimated profit for each drug under each of the three market conditions; Good, Fair, and Poor.
A) Drug A
B) Drug B
C) Drug C
D) none of the drugs
The significance of dead capital is that
A) it is difficult to allocate to its most efficient use. B) its fixed cost is too high. C) it is being removed from its most efficient use. D) it replaces too many workers.
In his 1951 book, Social Choice and Individual Values, Kenneth Arrow used the term "unanimity" to mean
a. A beats B only if everyone prefers A to B. b. if everyone prefers A to B, then A beats B. c. if A beats B and B beats C, then A must best C. d. everyone who is eligible to vote must vote; otherwise, the outcome is invalid.
Crowding out suggests that
A) high taxes reduce both consumption and saving. B) increases in consumption are always at the expense of saving. C) increases in government spending may raise the interest rate, thereby reducing investment. D) increases in government spending will close a recessionary gap.