Which of the following is an example of featherbedding?
a. a craft union's restricting entry into its profession
b. a union-imposed wage floor
c. an increase in labor productivity that results from a decrease in quit rates
d. attempts to reduce the sale of nonunion goods
e. a construction workers union's requiring an unnecessarily large number of workers to do a particular job
E
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When prices rise:
A) money supply tends to rise. B) menu costs tend to fall. C) consumers' purchasing power falls. D) money demand tends to fall.
The best example of a frictionally unemployed individual is
A) Charles who has lost his job as an autoworker because of increased imports and can't find a good job that utilizes his skills. B) Mary who quit her job to find work closer to her home. C) Sam who lost his job as a real estate salesperson when the housing market went soft because of a recession. D) Sandy who has few skills and is no longer looking for work.