In a labor negotiation, a mediator
a. represents the union rank-and-file members
b. represents the management side
c. is an impartial observer
d. can call a strike
e. can force both sides to agree to a contract
C
Economics
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Under a fixed exchange rate system, if the inflation rate in the United States is 5 percent a year and the inflation rate in Australia is 0 percent a year, then the U.S. real exchange rate will
A) increase 5 percent a year. B) decrease 5 percent a year. C) remain constant. D) possibly increase or decrease.
Economics
Sheryl sits on her patio and plays her guitar while her neighbors are outside. Sheryl neither pays nor receives any compensation for playing her guitar. Under what condition does her guitar-playing give rise to a positive externality?
Economics