A disagreement involving two or more unions over which should have control over a particular firm or industry is

A) a closed shop.
B) a union shop.
C) a jurisdictional dispute.
D) an industrial union.

C

Economics

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Suppose government spending decreases by $100 billion and the marginal propensity to consume (MPC) is 0.8. Given this information, this decrease in government spending will cause a(n)

A) increase in equilibrium real GDP equal to $500 billion. B) increase in equilibrium real GDP equal to $800 billion. C) decrease in equilibrium real GDP equal to $800 billion. D) decrease in equilibrium real GDP equal to $500 billion.

Economics

In monopolistic competition, product improvement and development

A) are valued by the consumer at an amount equal to the costs the producers have incurred. B) yields a marginal benefit to the producer equal to price of the good. C) is less than its efficient amount. D) None of the above answers are correct.

Economics