Seven of the 50 states account for approximately half of all union members in the United States.

Suppose consumers save 3 percent of their incomes. If the government collects 1 dollar in taxes from each taxpayer, private saving will ________ per taxpayer

A) decrease by 97 cents B) increase by $1 C) increase by 97 cents D) decrease by 3 cents

Suppose that the United States imposes an antidumping duty on imported steel. Which of the following is likely to occur?

a. The U.S. terms of trade will improve, and U.S. steel imports will rise. b. The U.S. price of steel will rise, and U.S. steel consumption will fall. c. The foreign price of steel will rise, and foreign steel consumption will fall. d. U.S. steel companies will earn lower profits.