The objections to the Walsh-Healy Act of 1936, which mandated "prevailing wages" in government employment,
(a) concerned the tendency of government wages to undercut those of the private sector.
(b) came from the labor unions.
(c) held that unemployment would be maintained artificially high.
(d) held that payment of prevailing wages would reduce the national debt too slowly.
(c)
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In the above figure, Brendan originally consumes at point A. If his income falls and compact discs are a normal good but haircuts are an inferior good then he will begin consuming at a point such as
A) B. B) E. C) F. D) G.
How do governments use spending and taxation to reduce inequality and poverty in an economy?
What will be an ideal response?
Which of the following countries had an unemployment rate in excess of 20% as of late 2012?
A) Ireland B) Spain C) Portugal D) Italy
If the assets used during the various stages of production are relatively nonspecific but the markets are highly uncertain, a short-term contract is likely to be the most efficient
Indicate whether the statement is true or false