A benefit of unions is that they
A) increase firm profits.
B) increase the stability of the workforce.
C) increase wage inequality.
D) restrict the labor market.
B
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Marginal utility is negative only when quantity demanded is negative
a. True b. False
The upward-sloping part of the long-run average cost curve is explained by:
A. decreasing marginal productivity. B. indivisible setup costs. C. diseconomies of scale. D. output levels that exceed the minimum efficient level of production.
The incidence of absolute poverty is reduced by
A) annual recalculations of the poverty line. B) government welfare programs. C) economic growth. D) the size of the budget deficit.
The immigration of skilled scientists and engineers from other nations pushes the supply curve for innovation to the right, increasing the amount of innovation.
Answer the following statement true (T) or false (F)