The largest labor union in the United States is the
A) National Education Association.
B) International Brotherhood of Teamsters.
C) United Food and Commercial Workers International Union.
D) Service Employees International Union.
Answer: A
Economics
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Which of the following would cause the price elasticity of demand for a variable input to be greater?
A) the smaller the price elasticity of demand for the final product B) the longer the time period being considered C) the smaller the proportion of total costs accounted for by the variable input D) The harder it is for a variable input to be substituted for by other inputs.
Economics
All of these factors create economies of scale, except
a. Specialization and Division of Labor b. Technological Factors c. Increase in advertisement costs d. Quantity discounts
Economics