Featherbedding refers to
A) the practice of laying off union activists.
B) increased international competition and its negative impact on trade unions.
C) union leaders arguing for higher wages when they know that they will not become unemployed given their seniority.
D) the practice of inducing a firm to use more than the cost-minimizing level of labor.
Answer: D
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The return on wealth (both human and nonhuman) is
A) a stock variable. B) income. C) measured in the form of bonds. D) a stock or flow variable depending upon whether the wealth is in the form of bonds or other financial assets.
If using the same resources, the U.S. workers can produce more of any good than Mexican workers, then the United States should produce every good
a. True b. False Indicate whether the statement is true or false