Unions have the power to
A. set all working rules.
B. increase the firm’s total taxes.
C. push wages above competitive levels at times.
D. make a firm nationalized.
Answer: C
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Which of the following statements is CORRECT?
A) When workers become more productive, the demand for labor curve shifts rightward. B) When technology decreases, the supply of labor curve shifts leftward. C) When labor force participation increases, the supply of labor curve shifts leftward. D) When human capital increases, the demand for labor curve shifts leftward.
The difference between the equation of exchange and the quantity theory of money is that the
a. equation of exchange assumes that the level of real GDP is constant. b. quantity theory of money assumes that the Fed has no control over the money supply. c. equation of exchange assumes that the level of nominal GDP is constant. d. quantity theory of money assumes that velocity is virtually constant.
In 1914, the United States Congress
A. created the Per Se Rule. B. created the Federal Trade Commission. C. passed the Sherman Antitrust Act. D. passed the Rule of Reason Act.
Refer to Figure 11.4. Which diagram illustrates the effect of a decrease in the income tax rate?
A) A B) B C) C D) D