The United Auto Workers is striking against Ford. The Teamsters refuse to deliver steel to Ford. This is an example of
A) a jurisdictional dispute and is illegal under the Taft-Hartley Act.
B) a secondary boycott and is illegal under the Taft-Hartley Act.
C) a sympathy strike and is illegal under the Taft-Hartley Act.
D) a closed shop and is illegal under the Wagner Act.
C
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Using the table above, what is the elasticity of demand between the prices of $9 and $7?
A) 1/4 B) 1 C) 2 D) 4 E) 6
Over long periods of time, the cyclical rate of unemployment, on average, ________
A) approaches infinity B) approaches a value of one C) should be close to zero D) approaches the natural rate
Which of the following is an argument against a balanced government budget?
a. A government may decide that by accumulating large budget surpluses, it can make crucial long-term investments in human capital and physical infrastructure that will build the long-term productivity of a country. b. A government may decide that by running large budget deficits, it can make crucial long-term investments in human capital and physical infrastructure that will build the long-term productivity of a country. c. A government may decide that by running small budget deficits, it can make crucial long-term investments in human capital and physical infrastructure that will build the long-term productivity of a country. d. A government may decide that by accumulating small budget surpluses, it can make crucial long-term investments in human capital and physical infrastructure that will build the long-term productivity of a country.
A market that will naturally end up with just one seller is a(n)
a. evolutionary monopoly. b. natural monopoly. c. competitive monopoly. d. entry barrier monopoly.