The Taft-Hartley Act was passed in the ___ and the Labor Relations (Wagner) Act was passed in the ___.
A. 1930s; 1930s
B. 1930s; 1940s
C. 1940s; 1930s
D. 1940s; 1940s
C. 1940s; 1930s
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Which of the following is recorded in the U.S. balance of payments account?
I. foreign investment in the United States II. U.S. investment abroad III. the U.S. government deficit or surplus A) III only B) I and II C) I and III D) I, II and III
What's the firm's contribution margin?
a. $15 b. $18 c. $3 d. $4
The short-run aggregate supply curve is positively sloped. Which of the following is not one of the explanations given in the text?
a. the misperception effect b. Sticky wage theory c. market effect d. All of the above are explanations of the profit effect.
For nations with relatively high wage rates,
a. the wage costs per unit of a good produced are usually relatively high. b. foreign exporters have an unfair advantage over domestic producers. c. tariffs would improve the allocation of scarce resources. d. the wage rates often reflect relatively high labor productivity.