As the percentage of the labor force belonging to a union fell in the United States during the 1955 through early 2000 period, the share of national income going to labor
a. increased 10 percent.
b. remained approximately the same.
c. decreased 10 percent.
d. decreased 20 percent.
B
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The exchange-rate arrangement that emerged from the Bretton Woods conference is often referred to as the:
a. dollar exchange standard. b. euro exchange standard. c. gold exchange standard. d. silver exchange standard. e. flexible exchange rate standard.
These are the cost and revenue curves associated with a firm.
Assuming the firm in the graph is producing Q1 and charging P3, it is likely showing the cost and revenue curves of a firm in:
A. the long run, and no firms will enter or exit. B. the short run, and firms will leave this market. C. the long run, and firms will enter this market. D. the short run, and firms will enter this market.
When the purchase price of an asset is less than its sale price, then there is a
A) budget deficit. B) corporate income tax. C) capital gain. D) capital loss.
A _______________ is a bond issued by the federal government.
a. municipal bond b. Treasury bond c. corporate bond d. high-yield bond