Which of the following statements about labor union membership is true?
a. The percentage of workers in union jobs has risen sharply.
b. The private sector has the highest percentage of union workers.
c. The percentage of union workers in the public sector remains high.
d. Traditionally, manufacturing industries have had few union members.
c. The percentage of union workers in the public sector remains high.
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The relative concept of poverty is based on how far behind average income a particular family gets
a. True b. False Indicate whether the statement is true or false
Professor Smith completed a study that showed that 60 percent of all the students who graduated from her college purchased new cars. What might explain this?
Each citizen in a small town suffers 5 units of irritation for each bushel of leaves burned in the town. The charge for hauling a bushel of leaves to the land fill is a fee equal to 20 units of irritation. There are 25 people in the town, each of whom minimizes personal irritation and has 10 bushels of leaves. If there are no restrictions of any kind on burning leaves and negotiation costs among citizens are prohibitive, what will happen to the leaves in the town?
What will be an ideal response?
According to the theory of rational expectations, a fully anticipated expansionary monetary policy will
(a) increase potential output (b) increase unemployment (c) have no impact on real output (d) promote the production of consumer goods over capital goods (e) result in deflation