Over 50 percent of all U.S. workers now belong to unions
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following statements best completes the following: "The Fed's independence can only be revoked by…"?
A. Congress B. Changing the U.S. Constitution C. The Secretary of the Treasury D. The U.S. President
According to economic historians, one result of international trade is that it
A) aids in the international transmission of ideas. B) reduces the world-wide output of goods. C) reduces the world-wide consumption of goods. D) causes persistent world-wide inflation.
If the U.S. dollar depreciates, it means that
a. the value of the U.S. dollar has increased b. the value of foreign exchange has decreased c. fewer U.S. dollars are required to purchase foreign exchange d. more U.S. dollars are required to purchase foreign exchange e. exports will immediately fall
Which of the following could be considered an example of a monopsony?
a. a professional sports league b. the only auto repair shop in a small town c. a single mining firm that was the only employer in the area d. all of the above