The American Federation of State, County, Government and Municipal Employees is an example of a(n)
A) guild.
B) craft union.
C) industrial union.
D) public-sector union.
Answer: D
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A majority of international transactions involve the buying and selling of _____
a. bank deposits denominated in foreign currency b. currency notes c. traveler's checks d. stocks denominated in domestic currency e. bills of exchange
Cameron visits a sporting goods store to buy a new set of golf clubs. He is willing to pay $750 for the clubs but buys them on sale for $575 . Cameron's consumer surplus from the purchase is
a. $175. b. $575. c. $750. d. $1,325.
If the economy is in a recession, which point in the graph shown would likely represent this?
A. E1 B. E2 C. E3 D. E4
In which of the following markets did deregulation contribute to increased industry concentration?
A. Railroads. B. Airlines. C. Trucking. D. Cable TV.