Featherbedding means that
A) company management receives a cut from the collected union wages.
B) employers are force to hire apprentices.
C) employers are forced to hire more workers than they want to.
D) a union can join a sympathy strike.
C
Economics
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Eventually the process of capital deepening comes to a halt as depreciation catches up with total saving
Indicate whether the statement is true or false
Economics
In monopolistic competition, there is inefficiency because price is greater than marginal cost. What brings about this inefficiency?
A) high concentration, as indicated by the large concentration ratio B) product differentiation C) freedom of entry and exit D) marginal cost rises as more output is produced E) the fact there are many firms in the market
Economics