The three main provisions of the Taft-Hartley Act were (1) __________; (2) _________; and (3) ____________.
Fill in the blank(s) with the appropriate word(s).
the 80-day "cooling-off" period; it allows the states to ban the union shop; it severely limits the closed shop
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The above table gives the demand schedule and the supply schedule for housing in Anytown, U.S.A. If a rent ceiling of $300 is imposed in the housing market, then
A) there would be a surplus of apartments. B) there would be a shortage of apartments. C) the market would reach equilibrium at the quantity of 60 housing units. D) the supply of housing would increase.
Every Friday night Elizabeth either goes bowling or goes to the movies. Because the price of bowling went up, Elizabeth now sees more movies. Elizabeth's behavior would be best described as a change in which determinant of demand?
a. Price of complementary goods b. Expectations c. Income d. Number of buyers e. Price of substitute goods
Arranging the four market structures according to the number of firms in the industry, from fewest to the most, would be
a. monopoly, monopolistic competition, oligopoly, perfect competition b. monopoly, perfect competition, oligopoly, monopolistic competition c. monopoly, oligopoly, monopolistic competition, perfect competition d. oligopoly, monopoly, monopolistic competition, perfect competition e. perfect competition, monopolistic competition, oligopoly, monopoly
The points on a production possibilities curve show
A. Potential output. B. Desired output. C. Actual output. D. None of the choices are correct.