Evidence in support of the hypothesis that unions increase the productivity of union workers is
A) the fact that union wages are greater than nonunion wages.
B) there is an excess supply of labor at the union wage rate.
C) that unionized firms face lower turnover rates than nonunion firms do.
D) that most contracts are settled without a strike.
Answer: C
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The History of the Standard Oil Company
a. was commissioned by John D. Rockefeller in 1911. b. set the standard for modern scientific management. c. was written by Ida Tarbell. d. was highly critical of Standard Oil. e. Both c and d are correct.
How are monopolistic ally competitive industries identified with concentration ratios?
What will be an ideal response?
Refer to Figure 15-3. Suppose the monopolist represented in the diagram above produces positive output. What is the price charged at the profit-maximizing/loss-minimizing output level?
A) $38 B) $54 C) $68 D) $75
Subsidies paid to the health care industry for Medicare patients are paid by
A) Congress. B) the Teamsters union. C) current taxes. D) the Federal Reserve.