A labor union is likely to seek all of the following EXCEPT
A. increased job security for its members.
B. safer working conditions.
C. economic improvements for their members.
D. increased competitiveness in the labor market.
Answer: D
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As more economic development occurs
A) the population growth rate increases. B) technological progress slows. C) capital accumulation decreases. D) the population growth rate decreases.
Suppose a company increases production from a point where marginal cost equals average total cost to a point where marginal revenue and marginal cost are equal. Is it a good idea for the company to do this? Why? a. No; average total costs have increased which means the company is not minimizing losses
b. Yes; because average variable costs are always less than average total costs. c. No; because the marginal cost of producing the last unit is the same as the marginal revenue. d. Yes; even though the previous level of output had minimized the average total cost, there was still profit to be earned by producing additional units. e. No; the previous level of output was the most efficient because it had the lowest average total cost.
Investment in education in the high-growth Asian economies was ________ in ________
A) low; primary schools B) high; primary schools C) low; primary and secondary schools D) high; primary and secondary schools E) high; university education
An increase in U.S. imports from Mexico ________ the supply of dollars and ________ the demand for pesos.
A. decreases; increases B. increases; decreases C. increases; increases D. decreases; decreases