Which of the following is NOT one of the reasons for declining union membership in the United States?
A) The economy has shifted away from manufacturing.
B) The AFL-CIO merger and creation of the Change to Win Federation reduced competition among unions.
C) Some industries have been deregulated.
D) Labor force participation by women has increased.
B
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In the scenario above, the market is
A) a natural duopoly. B) a natural oligopoly with three firms. C) a natural monopoly. D) monopolistically competitive.
State and local governments typically spend most of their budgets on providing
a. education. b. public goods. c. public welfare programs. d. police protection and administrative services.
The U.S. national debt at the end of 2014 was about $30 trillion
a. True b. False Indicate whether the statement is true or false
Suppose that a tax is placed on books. If the buyers pay the majority of the tax, then we know that the
a. demand is more inelastic than the supply. b. supply is more inelastic than the demand. c. government has required that buyers remit the tax payments. d. government has required that sellers remit the tax payments.