The United States Congress of Industrial Organizations was born as a result of all of the following except
a. minimum wage laws that brought increased competition to unionized workers
b. the industrial growth brought about by technological change
c. craft orientation being an impediment to further union growth
d. the need for broader representation of workers with very different skills and occupations but belonging to a common industry
e. the failure of craft unions to restructure its orientation according to the needs of industrial workers
A
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Unemployment insurance and welfare programs work as automatic stabilizers
a. True b. False Indicate whether the statement is true or false
Figure 4-17
Refer to . If the government imposes a price ceiling in this market at a price of $5.00, the result would be a
a.
shortage of 20 units.
b.
shortage of 10 units.
c.
surplus of 20 units.
d.
surplus of 10 units.