The Landrum-Griffin Act was designed to
a. protect workers from union abuses and criminal activities
b. eliminate racial and sexual discrimination by unions
c. require firms to bargain in good faith with unions
d. prohibit the union shop
e. stop unions from striking in support of other unions' strikes
A
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Rent ceilings
A) increase search activity. B) result in surpluses. C) create efficiency. D) benefit producers. E) have no effect if they are set below the equilibrium rent.
When a natural monopoly is regulated using an average cost pricing rule, what can you say about the firm's profit and the market's efficiency?
What will be an ideal response?
Rational expectations theorists believe that governments publicizing their economic goals ______.
a. is necessary to educate the people, so they behave as intended b. leads people to act in their own interests and undercut the government’s intended outcomes c. prevents people from being able to anticipate the future of the economy d. is the most important step in being able to meet the government’s goals
Refer to the information provided in Figure 10.2 below to answer the question(s) that follow. 
Figure 10.2 Refer to Figure 10.2. This firm?s marginal cost curve has shifted from MC1 to MC0 A profit-maximizing firm should ________ the amount of output produced and ________ its demand for labor.
A. increase; decrease B. keep constant; increase C. decrease; decrease D. increase; increase