During the late 1800s and early 1900s,
(a) American society clearly recognized the value of labor in the profit process.
(b) U.S. legislation and courts of law appeared hostile to the interests of organized working employees.
(c) society, at large, generally favored the efforts of workers to combine into unions to negotiate with employers.
(d) organized labor had a stable and respected place in politics.
(b)
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Provide economic explanations of the following puzzling behaviors.
(i) Many risk-averse people choose to buy lottery tickets, even when the lottery does not offer fair odds. (ii) Many furniture stores, instead of simply lowering their prices, offer buyers 6 months interest-free with no money down and no monthly payment. (iii) Although they are not required to do so, plumbers, auto mechanics, and other repair services give customers a 30-day warranty on the parts and labor.
Most (75%) of the financial transactions are through the use of
A. electronic fund transfers. B. credit cards. C. checks. D. cash.
An increase in per capita income is guaranteed by:
A. increasing income slower than the population. B. reducing population slower than income. C. increasing population faster than income. D. increasing income faster than the population.
In which year was the Federal Deposit Insurance Corporation (FDIC) established?
A. 1913 B. 1929 C. 1951 D. 1933