The percentage of U.S. workers in the private sector who belong to unions is currently
A) greater than 50 percent.
B) approximately 20 percent.
C) approximately 12 percent.
D) approximately 8 percent.
D
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Wealth is created when
a. Assets move from lower value use to higher value use b. Assets move from higher value use to lower value use c. Assets move from individuals who are willing to pay less for them to individuals who are willing to pay more for them d. Both A and C
This graph depicts the demand for a normal good.
A shift from A to B in the graph shown for a normal good might be caused by:
A. an increase in price.
B. a decrease in price.
C. an increase in income.
D. a decrease in income.
If money wages increase, the most likely result is a(n)
A. increase in aggregate supply. B. decrease in aggregate supply. C. steeper aggregate supply curve. D. flatter aggregate supply curve.
Assuming a market interest rate of 6 percent per year, what is the present value of $5,000 payable at the end of three years?
A) $4,717 B) $4,450 C) $4,198 D) $4,317