What causes the property owners and non-unionized workers in this country to be hostile toward organized labor?
(a) The perception that unions will strive to make gains for unskilled labor at the expense of everyone else
(b) The perception that unions have traditionally championed the rights of women
(c) The fear that the government will take over corporate America
(d) Jealousy and fear of organized labor's well-known ability to "deliver the votes"
for candidates of its choice in national elections
(a)
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If Country A's real GDP is growing at 6 percent per year and Country B's real GDP is growing at 6 percent per year, then the standard of living is
A) growing more rapidly in Country A. B) higher in Country B. C) changing at the same rate in Country A and Country B. D) growing more slowly in Country A. E) changing at the same rate in Country A and Country B only if the rate of population growth is the same in both countries.
A price index is:
a) a comparison of the current price of a market basket to a fixed point of reference. b) a comparison of real GDP in one period relative to another. c) the cost of a market basket of goods and services in a base period divided by the cost of the same market basket in another period. d) a ratio of real GDP to nominal GDP.