The biggest benefit to members of a union is:
A. being able to bargain as a group.
B. negotiating minimum wage legislation.
C. keeping non-union workers out of their industry.
D. getting raises without having to do any work.
Answer: A
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"Because firms in an oligopoly are so large, they do not need to consider each other's actions." Is the previous statement correct or incorrect? Explain your answer
What will be an ideal response?
Refer to Table 2-5. If the two countries specialize and trade, who should export lumber?
A) They should both be exporting lumber. B) Finland C) There is no basis for trade between the two countries. D) Estonia
A monopolist maximizes profit by producing
a. At MR= rising MC b. At MR>MC c. At P=MR d. At MC=0
In 2015, Richard buys a 2003 Chevrolet minivan from a neighbor. Will this be counted in the GDP for 2015?
a. Yes b. No c. Yes, if sales tax is paid d. No, because the purchase was from an individual not a dealer