In which of the following occupations would employees be organized into craft/trade unions:
A. Hotel employee
B. Restaurant worker
C. Salesperson
D. Plumber
D. Plumber
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Vertical contracts between manufacturers and retailers often aim to
a. Incentivize the manufacturer to undertake costly activities, which they otherwise may not realize the full benefits of on their own b. Reward the retailer for undertaking the risk inherent in introducing a new product c. Serve as a "signal" of the retailer's belief of the likely success of his product d. All of the above
When the U.S. government runs a deficit, the savings in the market for loanable funds shifts:
A. left, increasing interest rates and decreasing domestic investment and NCO. B. left, decreasing interest rates and increasing domestic investment and NCO. C. right, decreasing interest rates and increasing domestic investment and NCO. D. right, increasing interest rates, and increasing domestic investment and NCO.
It is impossible to conduct ________ policy and maintain a _________ exchange rate.
A. monetary; fixed B. monetary; floating C. fiscal; fixed D. fiscal; floating
The Scarcity Principle applies to:
A. only market decisions, e.g., buying a car. B. only the poor. C. only non-market decisions, e.g., watching a sunset. D. all decisions.