Which of the following economic effects of unions tends to improve efficiency?
A. Featherbedding
B. Strike or lockout
C. Union wage advantage
D. Voice mechanism
D. Voice mechanism
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The market demand curve
A) cannot show a change in demand for a good. B) is the horizontal sum of individual demand curves. C) is upward sloping. D) cannot show how quantity demanded changes in response to a change in price. E) is the vertical sum of individual demand curves.
Explain how the largest sources of state tax revenues differs from the largest sources of federal tax revenues
What will be an ideal response?
With an average cost pricing rule, the quantity produced by the natural monopoly is ________ the quantity produced with a marginal cost pricing rule
A) greater than B) less than C) equal to D) greater than in the long run and less than in the short run than E) not comparable to
Which of the following statements about the United States was true as of 2007?
A) It was the world's largest exporter. B) It had the world's largest deficit in its current account. C) It had the world's largest surplus in its current account. D) None of the above are true.