Methods that are sometimes used by unions to increase wages of union workers include I. advertising to increase the demand for union-made goods. II. campaigning against imports
A) I only
B) II only
C) both I and II
D) neither I nor II
C
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Refer to Figure 10.1. If two lights are installed, the person who was not responsible for the light being installed receives a payoff of
A) 4. B) 6. C) 8. D) 12.
The theory of rational expectations says that
a. workers make excellent choices of places to work. b. workers make the best possible forecasts of inflation. c. economists make rational expectations of inflation. d. economists expect workers to be rational.
The difference between a Treasury bill and a Treasury bond is that the bill
A) can be purchased by anyone, and the bond can be purchased by U.S. citizens only. B) is insured, and the bond is not. C) pays more than the bond. D) pays no interest. E) is short-term, and the bond is long-term.
In American politics, we often observe that during a campaign, the Democratic and Republican positions on many issues are similar, which illustrates
a. Arrow's impossibility theorem. b. the Condorcet paradox. c. a Borda count. d. the median voter theorem.