In 2005, which union organization was formed out of the AFL-CIO membership?
A) National Brotherhood of Teamsters
B) Service Employees International Union
C) American Federation of Workers
D) Change to Win
Answer: D
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Classical macroeconomic theorists believed that economic downturns:
A. would not end quickly without government intervention. B. could be completely eliminated through increased government spending. C. would not lead wages to fall. D. would generally reverse themselves quickly without policy intervention.
Assuming all else equal, when the labor demand curve shifts to the left, ________
A) output falls B) unemployment falls C) inflation rises D) equilibrium wage rises
Interest deductibility does not provide an incentive for debt finance.
A. True B. False C. Uncertain
Suppose Dean has $500 and there are two companies he could invest X dollars in: Dog Gone Salon, which has a payoff of 2X with 50% probability and $0 with 50% probability and Pretty Kitty Grooming, which has a payoff of 4X with 25% probability and $0 with 75% probability. Dean's expected payoff from investing in Dog Gone Salon only is:
A. $1,000. B. $500. C. $0. D. $1,500.