In the 1970s the international price of crude oil rocketed because:
a. the demand for crude oil fell short of its supply.
b. a new source of natural gas was discovered.
c. the demand for automobiles increased drastically.
d. the supply of oil was restricted by the oil exporting countries.
e. of the appreciation of dollar in the international market.
d
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The two basic types of government regulation are
A) regulation of natural monopolies and regulation of cartels. B) economic regulation and industry regulation. C) social regulation and labor law. D) social regulation and economic regulation.
All of the following are benefits of labor unions EXCEPT
A) unions reduce wage inequity. B) unions increase the stability of the workforce. C) unions give workers a political voice. D) unions maximize employment for all workers.