Which of the following type of shops is unlawful under the provisions of the Taft-Hartley Act?
A) union shops
B) closed shops
C) modified union shops
D) open shops
Answer: B
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In the classical range of the aggregate supply curve, greater spending for consumer and investment goods results in:
a. stagflation. b. more unemployment. c. greater output. d. a higher price level.
The time span between the beginning of a downturn and the time by which hard data to indicate a downturn is made available is called:
a. the signal lag b. the implementation lag. c. the impact lag. d. the recognition lag.
Answer the following statement(s) true (T) or false (F)
1. Proposals have been submitted to phase down HFCs, a CFC substitute, because they are greenhouse gases contributing to climate change. 2. The “greenhouse effect” is a natural phenomenon. 3. Climate change and global warming are exactly the same phenomenon. 4. Oceans and forests act as natural carbon sinks, which can absorb the anthropogenic releases of CO2. 5. Scientific evidence supports the assertion that human activity is adding to the accumulation of greenhouse gases and therefore contributing to global warming.
If the government grants patents to three different firms that produce a drug for diabetes, then the three firms may lead to the creation of: a. a monopoly
b. an oligopoly. c. monopolistic competition. d. perfect competition.