During the 1930s, labor legislation was
(a) generally favorable to organized labor.
(b) generally unfavorable to organized labor.
(c) generally neutral with regard to organized labor.
(d) virtually the same compared to previous periods.
(a)
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You can capture a bigger piece of the pie if
a. You can decrease your counter party's gains from reaching an agreement b. You can increase you gain from reaching an agreement c. All of the above d. None of the above
Who among the following is neither employed nor unemployed?
a. Veronica, who is currently jobless because of the recession but is available for work b. Lily, who is a journalism student working as a news reporter c. Steve, who is a civil engineer working at a construction company d. Kate, who is currently jobless gets unemployment benefits and so is not very eager to look for job
If policy makers decide to decrease the inflation rate very slowly, it is referred to as ______.
a. indexing b. going cold turkey c. de-escalation d. gradualism
Answer the following questions true (T) or false (F)
1. Non-price competition refers to actions that attempt to increase the demand for a product or service via product differentiation. 2. Barriers to entry are more likely to be stronger under monopolistic competition than under an oligopoly. 3. The U.S food and fiber system is one of the least regulated industries in the economy.