Which of the following statements presents inaccurate information about the early U.S. labor movement?
a. Courts in the early 19th century often found unions guilty of conspiracy.
b. Unskilled factory workers were the primary beneficiaries of early labor gains.
c. In the 1820s and 1830s, small craft societies began to coalesce to form larger unions.
d. Early unions experimented with collective bargaining, strikes and closed shops.
b. Unskilled factory workers were the primary beneficiaries of early labor gains.
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In some cases, selling pollution permits is a better method for reducing pollution than imposing a corrective tax because
a. it is hard to estimate the market demand curve and thus charge the "right" corrective tax. b. selling pollution permits create a net increase in pollution. c. Corrective taxes distort incentives. d. Corrective taxes provide greater flexibility to firms that can reduce pollution at a low cost.
Competition best describes a market failure that provides an economic rationale for government intervention in markets
Indicate whether the statement is true or false