The AFL and CIO merged because it was thought that
A) organized labor would grow faster as a result.
B) union pension funds would shrink as a result.
C) strikes could be averted.
D) managers would be more sympathetic to unions.
Answer: A
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There is only one efficient allocation of resources in an economy at one point in time
a. True b. False Indicate whether the statement is true or false
How do ceteris paribus and hypothesis relate in the field of economics?
a. Economists use ceteris paribus to declare that a hypothesis is not constant enough to be a theory. b. Economists use ceteris paribus to declare that a hypothesis has been accepted as a theory. c. Economists use ceteris paribus to test a hypothesis only if the two variables are intangible. d. Economists use ceteris paribus to test a hypothesis with two variables while keeping other variables constant.