The organization that unionized workers along industrial rather than craft lines was the

a. Chamber of Commerce
b. American Federation of Labor
c. National Labor Relations Board
d. Journeymen Stonecutter's Association
e. Congress of Industrial Organization

E

Economics

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Suppose the elasticity of demand for Mexican food is 3.00 and the elasticity of supply is 1.20. If the government imposes a sales tax on Mexican food, which of the following occurs?

i. Less Mexican food is purchased by buyers. ii. Less Mexican food is produced by sellers. iii. The government receives the excess burden as revenue. iv. Both the consumer surplus and the producer surplus decrease. A) i and ii B) iii only C) i, ii, and iv D) iv only E) i, ii, iii, and iv

Economics

Refer to the data provided in Table 9.4 below to answer the question(s) that follow.  Table 9.4qTFCTVCTCMCAVCATC0$100  $0$100  ----  --  11004014040  40  140  21006016020  30   80  31009019030  30    63.334100124  224  343156  5100180  280  56  36  56  6100  264    364  84  44    60.677100  372    472  108  53.14  67.42Refer to Table 9.4. If the market price is $56 and the firm produces 5 units of output, then its profit would be

A. -$100. B. -$88. C. $0. D. $36.

Economics