Suppose that under its collective bargaining agreement, the XYZ Co can only hire union members in good standing at the time of hiring. XYZ Co is

Households receive transfers from ________, and firms receive transfers from ________

A) firms; households B) government; government and households C) government; no one D) firms and government; government E) government; government

"As income rises, the demand for most goods also rises." This statement

a. is inconsistent with the law of demand b. suggests that many goods are inferior goods c. shows that the quantity demanded is inversely related to price d. suggests that most goods are normal goods e. does not apply to goods traded in competitive markets