Who was granted legal authority in the Taft-Hartley Act to prevent a labor strike for 80 days?

a. the union
b. the management
c. the president
d. the owner

c. the president

Economics

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Suppose roses are currently selling for $40 per dozen, but the equilibrium price of roses is $30 per dozen. We would expect a

a. shortage to exist and the market price of roses to increase. b. shortage to exist and the market price of roses to decrease. c. surplus to exist and the market price of roses to increase. d. surplus to exist and the market price of roses to decrease.

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Economics

An appreciation of the U.S. dollar

a. makes our exports less expensive in terms of foreign currency and imports cheaper in terms of the dollar, decreasing net exports.

b. makes our exports less expensive in terms of foreign currency and imports cheaper in terms of the dollar, increasing net exports.

c. makes our exports more expensive in terms of foreign currency and imports cheaper in terms of the dollar, decreasing net exports.

d. makes our exports more expensive in terms of foreign currency and imports cheaper in terms of the dollar, increasing net exports.

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Economics

If wages rise by 12 percent at the same time prices rise by 3 percent, then the increase in real wages is equal to

A. 12 percent. B. 9 percent. C. 6 percent. D. 3 percent.

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Economics

If Samsung sells TVs at a higher price in the United States than in Korea, and if there is no cost difference in producing or transporting the TV sets, Samsung would be practicing

A. price discrimination. B. simple monopoly behavior. C. cartel pricing. D. price differentiation.

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Economics