A craft union is a union of workers in

a. the same firm
b. the same industry
c. the same skilled profession
d. different skilled professions
e. different trades

C

Economics

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When output is less than the efficient level,

A) consumers are willing to pay more for another unit than it costs to produce the unit. B) the amount consumers are willing to pay equals the cost of production. C) the cost of production is greater than the price consumers are willing to pay. D) the production costs can't be measured. E) the marginal cost of producing the good must be greater than the marginal benefit from the good.

Economics

Mass marketing involves

A) using all types of media, such as television and radio, to reach as many consumers as possible. B) Internet ads only. C) using direct mailings only. D) lower-cost methods of advertising.

Economics