Can unions increase productivity? Explain
What will be an ideal response?
Unions can increase productivity, but they can also decrease productivity. Featherbedding is a practice that reduces labor productivity. However, if unions create greater job satisfaction or reduce labor turnover, it is possible that productivity will be increased.
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How does a successful movie illustrate self-interested choices that are also in the social interest?
What will be an ideal response?
Crowding-out is eliminated when the LM curve is ________, so that expansionary fiscal policy ________ the interest rate
A) vertical, does not affect B) vertical, raises C) horizontal, does not affect D) horizontal, raises
The demand for firewood is likely to be more elastic in the summer than in the winter
a. True b. False
The equation M × V = P × Y is called the
a. multiplier formula. b. transactions formula. c. equation of exchange. d. balanced exchange formula.