State right-to-work laws
A) prohibit discrimination in hiring.
B) force companies to submit to Equal Employment Opportunities Commission arbitration in disputes.
C) encourage companies to hire minorities.
D) make compulsory union membership illegal.
Answer: D
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Arguments against the balanced budget amendment include all of the following EXCEPT
A) a balanced budget amendment would turn control of the federal budget over to the Judicial Branch. B) a balanced budget amendment would induce Congress to issue more mandates to states to increase spending. C) a balanced budget amendment would reduce the taxation burden on future generations. D) a balanced budget amendment would limit Congress from using fiscal policy during a recession.
Which of the following is characteristic of a perfectly competitive market? a. There is free entry into and exit from the market
b. Individual firms can exert a perceptible influence on the market price. c. Firms in the market produce a differentiated product. d. All of the above are true.
A firm's managers need information on the firm's revenue and costs as well as information on the value of a firm's assets and the amount of the firm's debts to answer three basic questions. Which of the following is not one of those three basic questions?
A) what to produce? B) how to produce it? C) what price to charge? D) where to produce?
When evaluating a business decision, an economist will often resort to the use of present value because
A. the profits may not be large enough to warrant the time and attention of the investor. B. the investment is often under one set of managers and the profits under another. C. the investment is often in one currency and the profits in another. D. the investment occurs in one time period and the profits in another.