A right-to-work state is one in which
A) unions are illegal.
B) there is guaranteed employment for all citizens.
C) the union shop is prohibited.
D) the closed shop is permitted.
Answer: C
You might also like to view...
Ricardian Equivalence theory assumes that ________
A) an anticipated increase in the income of future generations will reduce the amount that is saved today on their behalf B) government spending remains constant C) many people are subject to borrowing constraints D) tax cuts have a positive impact on aggregate supply
Refer to Figure 10.2. In moving from the competitive level of output and price to the monopoly level of output and price, the monopolist is able to add to producer surplus:
A) the area BCEF. B) the area BCEF less the area GFH. C) the area BCEH. D) the area BCEH less the area GFH. E) none of the above
The ratio of the median income of college-to high school-educated workers is called the _____
a. college income premium b. college income differential c. college income benefit d. college income compensation e. education income gap
An expansionary monetary policy is most likely to produce an inflationary effect with little impact on output when the economy
a. is near full employment and the aggregate supply curve is horizontal. b. is near full employment and the aggregate supply curve is vertical. c. has substantial unemployment and the aggregate supply curve is vertical. d. has substantial unemployment and the aggregate supply curve is horizontal.