A negative cost-benefit ratio means that a program should not be undertaken
a. True b. False
b
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A right-to-work law makes it illegal for
A) employers to refuse to hire union workers. B) union membership to be a requirement for continued employment in any establishment. C) union membership to be denied on the basis of race, gender, or national origin. D) a union to exist in a state.
If a single large employer bargains with an inclusive union, the resulting labor market model can best be described as:
A. a cartel. B. countervailing power. C. a bilateral monopoly. D. an internal labor market.
Suppose an economy consists of 500,000 individuals 16 years and older, 260,000 are employed, and 21,000 are unemployed but actively seeking work. In this example the labor force is:
A. 239,000. B. 260,000. C. 281,000. D. 500,000.
Unlimited liability exists when
A) the profits of the firm are taxed once. B) a firm dissolves when the owner dies. C) a corporation exists. D) the personal assets of the owner of a firm can be seized to pay off the firm's debts.