Which of the following is NOT correct regarding the status of U.S. labor unions?
A) Today fewer than one in eight workers is a union member.
B) A key reason for the decline in union membership is the relative decline in manufacturing jobs as a share of total employment.
C) Greater domestic and global competition has had a part in bringing about a decline in unions.
D) Global trade has increased the number of union members in the United States.
D
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Inefficiency exists in an economy when a good is
a. being produced with less than all available resources. b. not distributed fairly among buyers. c. not being produced by the lowest-cost producers. d. being consumed by buyers who value it most highly.
Public debt is held as
A. Treasury Bills, Treasury Notes, Treasury Bonds, and U.S. Savings Bonds. B. U.S. Notes. C. bank deposits in U.S. banks. D. Federal Reserve Notes.