In the United States the differential between union and non-union wages

A) does not exist.
B) currently averages about 50-60 percent.
C) has been narrowing.
D) tends to fall during a recession because union members typically have shorter-term contracts than do nonunion employees.

C

Economics

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In 2008, the current account balance was -$706 billion and the capital and financial account balance was +$711 billion. Therefore, the official settlements account balance was ________ and the balance of all payments accounts summed was ________

A) -$5 billion; zero B) negative; negative C) positive; positive D) +$5 billion; zero E) not enough information to determine; negative

Economics

How long does it take for the Fed's actions to have their intended effect?

A. 6—18 months B. 19—24 months C. 25—36 months D. 0—5 months

Economics