The employer who has the most unionized workers is the:
A. government.
B. auto industry.
C. airline industry.
D. trucking industry.
Answer: A
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Average real wages have not risen significantly since approximately 1973.
Answer the following statement true (T) or false (F)
An economy recently reported nominal GDP of 3 trillion euro and a GDP deflator of 200 . What was real GDP?
a. 1.5 trillion euro, and real GDP is a better gauge of economic activity than nominal GDP. b. 1.5 trillion euro, but nominal GDP is a better gauge of economic activity than real GDP. c. 6 trillion euro, and real GDP is a better gauge of economic activity than nominal GDP. d. 6 trillion euro, but nominal GDP is a better gauge of economic activity than real GDP.
You currently sell the same product to both professional plumbers and homeowners, and are able to prevent transfer from one group to the other. Your current prices, quantities sold, and the absolute values of the slopes of the demand curves are as follows: 
If your marginal cost is $10 and you are interested in maximizing your revenues, how would you adjust your prices?
A. Increase plumbers' price and decrease homeowners' price. B. Decrease plumbers' price and increase homeowners' price. C. Increase prices for both groups. D. Decrease prices for both groups.
According to the life-cycle theory of consumption, people tend to ________ during their early and later years.
A. save less than they invest B. dissave C. consume less than they earn D. save