The Knights of Labor was
A) a craft union that tried to restrict immigration into the United States.
B) an organization of skilled labor that tried to increase technical training after the German model.
C) an organization of both unskilled and skilled workers that pushed for an eight-hour workday and equal pay for men and women.
D) an industrial union composed of military personnel that tried to improve military life.
C
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Claire Quinn has a marginal tax rate of 33 percent on her federal personal income tax. Her average tax rate is
A. more than 33%. B. also 33%. C. less than 33%. D. zero.
If there were five firms in an industry each with a 20% market share, what would the Herfindahl-Hirschman Index equal?
a. 80% b. 800 c. 1,600 d. 2,000
Which of the following could contribute to a rise in GDP yet may not be economically beneficial?
a. building schools b. water treatment plant construction c. tobacco sales d. airport construction
If there is a shortage of loanable funds, then
a. the quantity demanded is greater than the quantity supplied and the interest rate will rise. b. the quantity demanded is greater than the quantity supplied and the interest rate will fall. c. the quantity supplied is greater than the quantity demanded and the interest rate will rise. d. the quantity supplied is greater than the quantity demanded and the interest rate will fall.