All of the following have played a role in reducing union strength since 1970 except
a. rising service sector employment.
b. foreign industrial competition.
c. the Supreme Court's decision to apply antitrust laws to union organization efforts.
d. "right-to-work" laws.
c. the Supreme Court's decision to apply antitrust laws to union organization efforts.
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Investment spending includes spending on:
A. consumer durable goods. B. stocks and bonds. C. services. D. new capital goods.
Oligopolies would like to act like a
a. duopoly, but self-interest often drives them closer to the perfectly competitive outcome. b. competitive firm, but self-interest often drives them closer to the duopoly outcome. c. monopoly, but self-interest often drives them to charge a higher price than would be charged by a monopoly. d. monopoly, but self-interest often drives them closer to the perfectly competitive outcome.
Forecasts of an inevitable exhaustion of essential natural resources are “simply beside the point” because higher prices (i) reduce quantity demanded; (ii) stimulate supply; (iii) stimulate alternative technology.
A. i only. B. ii only. C. iii only. D. i, ii, and iii.
Which of the following does not meet the economic definition of saving?
A. A graduate assistant spends all of his income on tuition B. A student deposits money in her savings account C. A professor spends less than he makes each month D.The president's secretary puts cash under her mattress