The United Auto Workers is an example of
A) a public-sector union.
B) a craft union.
C) an industrial union.
D) a socialist union.
C
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The federal budget deficit and the trade balance are often referred to as the
A) twin deficits. B) dueling depreciators. C) balance of payments. D) national debt.
Which of the following statements is NOT true about the rationing of goods?
A) Goods can only be rationed by price. B) Goods can be rationed on a first come first serve basis. C) Goods can be rationed by random. D) Goods can be rationed by the use of coupons.
Suppose an industry is composed of 10 firms. Each firm's share of total sales in the industry is 10 percent. If two of the firms merge, then the four-firm concentration ratio in the industry will
A) remain unchanged. B) decrease as there are fewer firms in the industry. C) increase. D) depend on the market condition faced by the industry.
Which of the following alternatives signify the difference between the present value of a $150 perpetuity and 2-year $150 annuity, both discounted at 15 percent per annum
a. The perpetuity would require an initial investment worth $100 while the annuity would require an initial investment worth $244.07. b. The perpetuity would require an initial investment worth $1,500 while the annuity would require an initial investment worth $115.07. c. The perpetuity would require an initial investment worth $1,000 while the annuity would require an initial investment worth $244.07. d. The perpetuity would require an initial investment worth $100 while the annuity would require an initial investment worth $115.07.