In 2011, the U.S. unionization rate was:

A. 5.5 percent, down by nearly one-half of the rate in the mid-1950s.
B. 14.8 percent, up by about one-fourth of the rate in the mid-1950s.
C. 11.8 percent, down by more than one-half of the rate in the mid-1950s.
D. 21.2 percent, down by 4 percentage points from the mid-1950s.


Answer: C

Economics

You might also like to view...

The government of Genovia introduced an unemployment insurance that ensures full payment of former wages to unemployed workers

A study conducted a few months after the introduction of this policy showed that several unemployed workers in Genovia were not actively searching for work. Such behavior is an example of ________. A) adverse selection B) moral hazard C) the prisoners' dilemma D) the free-rider problem

Economics

A public good may be defined as any good or service that:

a. must be provided to citizens who are most able to benefit from it. b. must be distributed to all citizens in equal shares. c. excludes free riders. d. none of these.

Economics

Under price discrimination, a monopolist equates the marginal cost with the average revenues in different markets

a. True b. False Indicate whether the statement is true or false

Economics

When an insurance company pays 20% of the bill for health care services, this

A. reduces demand and makes demand less elastic. B. increases supply. C. reduces demand. D. makes demand less elastic.

Economics