The AFL and CIO merged because it was thought that
A) organized labor would grow faster as a result.
B) union pension funds would shrink as a result.
C) strikes could be averted.
D) managers would be more sympathetic to unions.
A
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If a firm introduces some technology that substitutes capital for labor, ________, assuming all else equal
A) there will be an upward movement along the labor demand curve of the firm B) there will be a downward movement along the labor demand curve of the firm C) there will be a rightward shift in the labor demand curve of the firm D) there will be a leftward shift in the labor demand curve of the firm
By referring to Figure 7-1, an increase in the money stock
a. shifts the LM schedule to the right from LM0 to LM1. b. shifts the LM schedule to the left from LM0 to LM2. c. leaves the LM curve unchanged at LM0. d. shifts neither the IS nor the LM schedule.
One way to reduce pressure for Mexicans to cross the U.S. border illegally is to create job opportunities in Mexico
a. True b. False
Which of the following is not an obstacle to development?
A. Overpopulation B. Excessive investment C. Political instability D. Corruption