A union will be more successful at forming when the firm's labor demand curve is inelastic because under these conditions the union organizers can "promise"
A. large wage gains with minimal employment losses.
B. low union dues.
C. large wage gains and large employment gains.
D. small wage gains and minimal employment losses.
E. small wage losses but large employment gains.
Answer: A
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When Italy buys Boeing jets, the price Italy pays is ________ if it produced its own jets, and the price Boeing receives is ________ than it could receive from an additional U.S. buyer
A) lower than; higher B) higher than; higher C) the same as; higher D) lower than; lower E) higher than; lower
During the 2000s, the Federal government's deficit rose because of
a. large tax cut in 2001 and 2004.. b. large increases in government spending. c. increases in both the cyclical and structural deficits. d. a recession in 2001. e. all of the above.