The number of U.S. workers in unions today is:
A. roughly equivalent to what it was in the 1950s.
B. about 13%of all wage and salary workers.
C. just under 15 million Americans.
D. not something we can estimate due to the lack of information on all people in the labor market.
C. just under 15 million Americans.
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In general, the most efficient taxes:
A. are often not the most equitable. B. are often the most equitable. C. raise the most revenues. D. do not raise the most revenues.
Protectionism through _________ implementation makes imports more expensive for consumers and discourages imports.
a. quote b. tariff c. nontariff barrier d. standards
The primary reason government chooses to regulate a natural monopoly is to
a. promote its eventual nationalization b. control price and output c. control profit d. create competition e. distribute market power more evenly among the firms in the industry
A monopolistic competitor behaving in a profit-maximizing way will
A) not advertise. B) advertise as much as it can in order to increase its sales. C) advertise to the point where the additional sales from advertising equal the additional marginal costs of the product. D) advertise to the point where the additional revenue from one more dollar of advertising just equals the extra dollar cost of advertising.