Critics of unions tend to focus on the fact that unions
A) tend to generate higher wages.
B) reduce profits.
C) are politically active.
D) engage in restrictive labor practices.
D
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A tax cut will unambiguously lower income-tax revenue
Indicate whether the statement is true or false
Refer to Figure 7.1. The diagram above contains ________ cost curves
A) short run B) intermediate run C) long run D) both short run and long run.
The capture theory of regulation, espoused by George Stigler, asserts that
a. consumers "capture" regulatory agencies so that regulation favors consumers b. producers "capture" regulatory agencies so that regulation favors producers c. regulators "capture" producers and limit their market power d. consumers "capture" some consumer surplus lost to monopoly e. consumers and producers work together to "capture" regulatory agencies in order to achieve more desirable regulation
The U.S. demand for foreign currency arises from speculation and the
A. Foreign demand for U.S. goods, services, and financial assets. B. U.S. demand for foreign goods, services, and financial assets. C. Supply of goods and services from the United States. D. Foreign demand for U.S. holdings of gold.