A union shop is a
A) strike by a union in sympathy with another union's strike or cause.
B) dispute involving two or more unions over which should have control of a particular jurisdiction.
C) business enterprise in which employees must belong to the union before they can be hired and must remain in the union after they are hired.
D) business which may hire nonunion members conditional on their joining the union by some specified date after employment begins.
Answer: D
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Answer the following statement true (T) or false (F)
Which of the following is a TRUE statement about monopoly and perfect competition?
A) Price is always higher and output higher under monopoly than under perfect competition. B) Because costs do not depend on market structure, price is usually higher and output is always lower under monopoly than perfect competition. C) If there are substantial economies of scale, price may be lower and output greater under monopoly than under perfect competition. D) If there are substantial economies of scale, price may be lower and output greater under monopoly than under perfect competition, and price may be below marginal cost instead of equal to marginal cost.
When a transfer price is set lower
a. the costs of the division using the intermediate product will fall b. the profits of the division using the intermediate product will be unaffected c. the profits of the division using the intermediate product will fall d. the profits of the division using the intermediate product will rise
Recall the Application about how to wash carbon out of the air to answer the following question(s).Recall the Application. What should change in the future in order for the carbon washing machines to be more widely used?
A. The technology must improve enough to drop the cost per ton of carbon washed. B. The government must disseminate the existence of the new technology. C. The carbon tax must decrease enough to make the carbon washing machines more practical. D. The atmosphere must become even more polluted before it makes the technology financially viable.