Samuel Gompers is most recognized for:
a. the invention of air brakes for trains.
b. his role as an early union leader.
c. invention of a steel manufacturing process.
d. the development of refrigerated train cars.
b. his role as an early union leader.
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The owners of professional sports teams, such as those in the NFL, make collective decisions and agreements about sharing merchandising and television revenue, adding or disallowing expansion teams, and the scheduling of games. These decisions and agreements reflect that of a
a. monopoly b. cartel c. conglomerate firm d. vertical merger e. competitive industry
When market failure occurs, the role of government is to
A. Do nothing. B. Eliminate markets. C. Push market outcomes closer to the ideal. D. Create an alternative to markets.
The relatively small export-import sector in the United States began to grow significantly
A. after 1900. B. in the 1920s. C. in the 1950s. D. in the 1970s.
Can frictional unemployment ever be totally eliminated? Explain your answer
What will be an ideal response?