Answer the following statement(s) true (T) or false (F)
1. Early labor-management relations were characterized by violence and bloodshed.
2. The first union federation to achieve significant size and influence was the American Federation of Labor.
3. The members of AFL-CIO are labor unions.
4. The trend over the last 30 years is an increase in union membership as a percentage of the workforce.
5. There is a greater percentage of government workers unionized than non-government, or private sector, employees.
1. TRUE
2. FALSE
3. TRUE
4. FALSE
5. TRUE
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Answer the following statements true (T) or false (F)
1.Import quotas can yield revenue for the domestic government if it auctions import licenses to the highest bidder in a competitive market. 2.To the extent that domestic importing companies organize as a monopoly buyer, and foreign exporting companies behave as competitive sellers, the importing companies capture the revenue effect of a quota. 3.An import quota tends to reduce the overall welfare of the importing nation by an amount equal to the protective effect, consumption effect, and the portion of the revenue effect that is captured by the domestic government. 4.The sugar import quotas of the U.S. government have tended to increase the market price of sugar, thus reducing the costs to the government of maintaining sugar price supports for domestic growers. 5.During periods of growing demand, a tariff more effectively restricts the volume of imports than an equivalent import quota.
What should a firm consider if it is in a nonhomogeneous market and a competitor lowers its prices?
What will be an ideal response?
______ have a more than one pattern of identification, not with regard to different organizational units, as discussed previously, but with different cultures. Multicultural individuals have a simultaneous awareness of being a member of (and sometimes an alien in) two cultures.
A. Multiculturals B. Monoculturals C. Cognitives D. Complexities
The price charged for the internal sale of a product between two different divisions of the same company is known as the:
a) transfer price. b) sales price. c) transfer cost. d) margin price.