Labor unions are groups of:
A. employees who petition the government to oversee the employment conditions of employees who work for major corporations.
B. employers who join together to create fair employment packages for employees within a certain geographical area.
C. employers who petition the government to regulate the safety conditions of certain industries.
D. employees who join together to bargain with their employer(s) over salaries and work conditions.
Answer: D
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In the United States today, money consists of
A) currency only. B) deposits at banks only. C) coins only. D) currency and deposits at banks.
Which of the following statements best serves as a summary of the other statements?
a. Low income can mean poor nutrition during the formative years, which can retard mental and physical development b. Low income and low productivity may reinforce each other in a cycle of poverty c. Low productivity obviously results in low income d. Low income means less saving and less saving means less investment in human and physical capital e. Poverty can result in less education, less capital formation, a poor diet, and little health care