Which of the following do unions usually advertise to their members and potential members?
A. a powerful political lobby
B. steady employment
C. high wages
D. better fringe benefits
E. All of these are used for advertising to members and potential members.
Answer: E
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If a change in technology improves the marginal productivity of capital, the
a. supply of capital will increase b. supply of capital will decrease c. demand for loanable funds will increase d. demand for loanable funds will decrease e. supply of loanable funds will increase
Income redistribution:
a. reduces the reward for production behavior b. encourages socially wasteful rent seeking c. leads to higher tax rated d. all of the above
The benefits to specialization are even greater when two trading partners have:
A. absolute advantages in producing the same goods. B. large differences in opportunity costs. C. very similar opportunity costs. D. similar consumption preferences.
There is a positive relationship between the quantity of reserves supplied and the federal funds rate.
Answer the following statement true (T) or false (F)