Which of the following is not a reason it is harder to unionize in the fast growing service industry?
a. Service sector jobs are often in small firms, making it difficult to organize large numbers of employees across the industry.
b. Service industry jobs are often standardized, reducing the need for unions to negotiate working conditions.
c. Employees in the service sector often work more
closely with management.
d. Service industry jobs are more varied, making it harder to negotiate as a group.
b
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To say that a price ceiling is binding is to say that the price ceiling
a. results in a surplus. b. is set above the equilibrium price. c. causes quantity demanded to exceed quantity supplied. d. All of the above are correct.
According to most economists, the development of markets is:
A. both a necessary and a sufficient condition for development. B. a sufficient condition for development but not a necessary condition. C. a necessary condition for development but not a sufficient condition. D. neither a necessary nor a sufficient condition for development.
Positive statements contain mostly
A) opinions and conditions. B) facts and predictions. C) bias. D) logical arguments mixed with statements of opinion.
Evidence on inheritance and current income shows
A) very little relationship between the two B) that a little inheritance boosted incomes substantially C) that few individuals receive inheritances D) that very few people inherit more than $10,000