The difference between craft unions and industrial unions is that industrial unions usually
A. Are organized along democratic lines, while craft unions are undemocratic.
B. Flourish in industries, while craft unions dominate in smaller craft production.
C. Include workers in an industry, while craft unions represent workers with a particular skill.
D. Include workers with a particular skill, while craft unions represent workers in an industry.
Answer: C
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Consider two economies: A and B that are completely similar, except their savings rate. The savings rate in economy A is greater than the savings rate in economy B. Which of the following statements is true?
A) Capital accumulation will be faster in economy B in comparison to economy A. B) Capital accumulation will be faster in economy A in comparison to economy B. C) Rate of capital accumulation will be the same in both economies. D) Growth rate in country B is likely to be higher than the growth rate of country A in the long-run.
An increase in investment combined with a decrease in education would have an indeterminate effect on both short run and long run aggregate supply
a. True b. False Indicate whether the statement is true or false
Why will it difficult for the Fed to use monetary policy to direct the economy back to full employment and price stability from the recession of 2008-2009?
What will be an ideal response?
Which idea is inconsistent with perfect competition?
A. price-taking behavior B. a large number of buyers and sellers C. product differentiation D. freedom of entry or exit for firms