A craft union is a union
a. organized on the basis of the workers' industry
b. organized on the basis of workers' skills
c. organized by an employer
d. whose primary goal is to oppose technological advance and to protect the traditional method of working
e. organized by workers in the arts and craft industries
B
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The organization that settles trade disputes between countries is the
A) World Bank. B) World Trade Organization. C) International Monetary Fund. D) United Nations.
The graphical device that illustrates the concept of scarce resources being efficiently utilized in the economy is a(n)
A. budget line. B. indifference curve. C. production possibilities frontier. D. marginal cost curve.
The M2 measure of the money supply includes
a. M1 plus credit cards. b. M1 plus savings deposits, small time deposits, and money market funds. c. M1 plus Eurodollars. d. M1 minus Eurodollars.
Based on our study of market failure and government failure, the main conclusion that one should arrive at is that
What will be an ideal response?