The share of the labor force that was unionized increased from approximately 10 percent in 1930 to more than 30 percent in 1955 . During these 25 years, the share of national income allocated to labor (in contrast to capital)

For a firm in monopolistic competition, the efficient scale is the amount of output at which ________ is a minimum

A) fixed cost B) average total cost C) average variable cost D) average fixed cost E) marginal cost

Suppose that the government of Summerfield spends $2 trillion in 2015 and receives tax revenues of $1.5 trillion. Which of the following is TRUE?

A) Summerfield has a budget surplus of $0.5 trillion. B) Summerfield has a budget deficit of $0.5 trillion. C) Summerfield has a trade deficit of $0.5 trillion. D) Summerfield has a trade surplus of $0.5 trillion.