Strikes are a form of legitimized extortion by which workers withhold labor to extract higher returns for management

Jewelers are willing to hold large inventories of diamonds

a. because the demand for diamonds is large and growing b. because that minimizes the fixed cost of producing diamond jewelry c. because, given monopoly control of the market for diamonds, they are confident that the price of diamonds will not plummet rapidly d. because, given monopoly control of the market for diamonds, they are confident that the price of diamonds will rise rapidly e. because that is what their customers expect them to do

Permanent tax cuts have a larger impact on consumption spending than temporary ones

a. True b. False Indicate whether the statement is true or false