For the past several decades, union membership in the United States has been declining. What has been happening in the rest of the world?
A) Union membership has been increasing in almost every other country.
B) In almost every other nation, union membership has held constant.
C) In most cases, union membership in other nations has also been falling.
D) We do not know because other nations do not keep these statistics.
C
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The behavior of the M1 velocity of money in recent years can be explained by: a. stability of interest rates
b. a low and stable rate of inflation. c. monetary policy that has been successful in stabilizing the economy. d. financial innovation creating new substitutes for M1 money. e. a large number of banks and savings and loan associations going bankrupt.
A technological advance in the production of the first good increases the opportunity cost of the first good in terms of the second good
a. True b. False Indicate whether the statement is true or false