A union can influence the demand for labor by:
a. effective advertising that convinces customers to buy the "union label."
b. requiring union fees.
c. All of the answers are correct.
d. raising union fees.
a
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Second-degree price discrimination generally takes the form of
a. special prices for students and seniors. b. membership clubs. c. quantity discounts. d. "extras" like free delivery and free customer service.
Direct investment in the stock market by the Social Security trust fund
A) does not require that new money be brought into the system. B) would be more cost-effective than creating private accounts for each person in the Social Security system. C) would cause the government indirectly to own substantial parts of American companies. D) All of the above.
The change in total revenue divided by the change in quantity of labor employed is the
a. marginal physical product of labor b. marginal revenue product of labor c. price of the output d. demand for the output e. wage rate
Which of the following statements about GDP is correct?
a. GDP measures two things at once: the total income of everyone in the economy and the unemployment rate of the economy's labor force. b. Money continuously flows from households to government and then back to households, and GDP measures this flow of money. c. GDP is to a nation's economy as household income is to a household. d. All of the above are correct.