Which type of collective bargaining agreement requires workers to be union members prior to being considered for employment?
A. right-to-work
B. open shop
C. union shop
D. closed shop
Answer: D
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Refer to the table below. Busy Betty sells her cakes for $20 each and her constant marginal cost to produce each cake is $12, which is equal to her (constant) average total cost. What is her expected marginal benefit from holding the 20th cake in inventory?
The above table shows the probability distribution of cake sales at Busy Betty's Bakery.
A) $7.80
B) $8.00
C) $7.20
D) $12.80
You paid $35 for a ticket (which is non-refundable) to see SPAM, a local rock band, in concert on Saturday. Assume that $35 is the most you would have been willing to pay for a ticket. Your boss called, and she is looking for someone to cover a shift on Saturday at the same time as the concert. You would have to work 4 hours and she would pay you $11/hr. The psychic cost to you of working is $2/hr. Your economic surplus from going to work instead of seeing SPAM on Saturday is:
A. $1 B. $36 C. $0 D. $35
If the marginal cost of reducing pollution is positive, then:
A. the optimal amount of pollution is zero. B. the marginal benefit of reducing pollution is zero. C. the optimal amount of pollution is greater than zero. D. pollution should be reduced as much as technically feasible.
Deliberate changes in government expenditures and taxes to influence the level of aggregate demand in the United States
A. define automatic stabilizers. B. define discretionary fiscal policy. C. are enacted by the Council of Economic Advisers. D. operate without time lags.