A jurisdictional dispute means that
A) members of a union disagree on the outcome of union elections.
B) a higher court reversed the decision of a lower court in a case brought by a union.
C) a union leadership and membership cannot agree on an issue.
D) two unions disagree on which should represent workers in a particular industry.
D
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If Country A's real GDP is growing at 6 percent per year and Country B's real GDP is growing at 6 percent per year, then the standard of living is
A) growing more rapidly in Country A. B) higher in Country B. C) changing at the same rate in Country A and Country B. D) growing more slowly in Country A. E) changing at the same rate in Country A and Country B only if the rate of population growth is the same in both countries.
Why are corporations more likely to raise funds externally by debt instead of equity?
A) moral hazard is less of a problem with debt contracts B) transactions costs tend to be higher in the stock market than bond market C) to avoid paying dividends D) interest rates tend to be lower than dividend rates
Based on the graphic for perfect competition versus monopoly, the producer surplus for monopoly is ______ the welfare for monopoly.
a. greater than
b. less than
c. equal to
d. the opposite of
Which statement is false?
A. Our 2009 trade deficit with Japan was the highest deficit ever recorded with any one country. B. Our trading position with Japan is very much like a colony and a colonial power. C. Japan had an economic revival in the 1950s and 1960s largely by targeting the American consumer market. D. If we eliminated our trade deficits with Japan and China, we would still be running a trade deficit.