What tools can unions use to increase the demand for union labor?
What will be an ideal response?
The main tools that unions use to increase the demand for union labor are: increased training and education for its members; lobbying for import restrictions; supporting minimum wage laws; supporting immigration restrictions; and increasing the demand for the goods produced.
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The big tradeoff is a tradeoff between
A) efficiency and fairness. B) consumer surplus and producer surplus. C) taxes and subsidies. D) price ceilings and price floors.
Which of the following policies followed by the Clinton administration were not Keynesian policies?
a. Reducing the budget deficit during a strong expansion. b. Concentrating tax increases on upper income households. c. Attempting to increase government spending in 1992 when the U.S. economy was below its natural rate of output. d. Adjusting capital gains taxes for inflation in order to encourage savings.