Which of the following is a reason for the change in labor union membership since the 1970s?
a. Workers have moved out of manufacturing and into the service sector.
b. The government has increased regulation of heavily unionized industries.
c. Global competition has fallen and led to more “home-grown” manufacturing.
d. Newer models include project-based learning, maker spaces, and coworking.
a. Workers have moved out of manufacturing and into the service sector.
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A similarity between monopoly and monopolistic competition is that in both market structures
a. strategic interactions among sellers are important. b. there are a small number of sellers. c. sellers are price makers rather than price takers. d. there are only a few buyers but many sellers.
Which of the following statements is consistent with the theory of liquidity preference?
What will be an ideal response?
Per-capita real economic growth refers to an increase from one period to the next in
A) per-capita GDP. B) GDP. C) Real GDP. D) per-capita Real GDP. E) none of the above
A situation in which output decreases while prices increase is often referred to as:
A. inflation. B. negative economic growth. C. a recession. D. stagflation.