Major League Baseball teams are similar to other firms in that they use factors of production to produce a product (baseball games). An example of capital used by teams to produce their products is
A) the ballparks where the games are played.
B) the labor of baseball players.
C) the money teams earn from television contracts and ticket sales.
D) the land on which baseball games are played.
A
Economics
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According to monetarists, when will the economy move back to the natural rate of unemployment after a change in output?
a) In the short-run. b) In the long-run. c) Immediately after a decrease in the money supply. d) Immediately after an increase in the money supply.
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The Service Employees International Union is an example of a(n)
A) guild. B) craft union. C) industrial union. D) public-sector union.
Economics