The initial stage of the procedure in which a union and an employer negotiate over a contract is known as
A. featherbedding.
B. collective bargaining.
C. mediation.
D. arbitration.
Answer: B
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Company X is considering different production methods. Assume each worker is paid $50 per hour and each machine costs $90 each. Which of the following will give them the best balance of workers and technology, based on cost?
a. 5 workers and 5 machines b. 7 workers and 4 machines c. 10 workers and 2 machines d. 15 workers and 1 machine
Using international asset trade, countries can
A) never really eliminate all risk. B) eliminate all risk. C) actually increase their risk in some cases. D) eliminate all their risk except for emerging markets. E) never really diversify their holdings.
A weakness of the simple Keynesian model is that it does not recognize that because the transactions demand for money __________ as income increases, the interest rate __________ as income rises
A) increases; increases B) increases; decreases C) decreases; increases D) decreases; decreases
Frictional unemployment is inevitable because the economy is always changing
a. True b. False Indicate whether the statement is true or false