Labor unions did not become traditional or popular institutions until the
A. 1920s.
B. 1940s.
C. 1960s.
D. 1980s.
B. 1940s.
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Which of the following statements about the characteristics of debt and equities is TRUE?
A) They can both be long-term financial instruments. B) Bond holders are residual claimants. C) The income from bonds is typically more variable than that from equities. D) Bonds pay dividends.
The information in the table shown:
This table shows the price-level adjustment as compared to the United States.
A. allows us to compare the standard of living in one country to another.
B. has been indexed to the United States.
C. shows that the typical good in Australia is more expensive than it is in the United States.
D. All of these statements are true.
If the price of a good increases and the total revenue also increases, the good has a(n)
A) elastic demand. B) inelastic demand. C) unit elastic demand. D) perfectly elastic demand.
Suppose Cournot duopolists firms face the same market demand curve, but have differing costs. At the Nash-Cournot equilibrium, the firm with the higher cost will
A) have a lower price for its product than its competitor. B) have a smaller profit than its competitor. C) have a higher price for its product than its competitor. D) have a higher profit than its competitor.