Unions are less likely to strike today than in the past because
a. real wages have increased over the last 20 years
b. employers are less willing to hire strike breakers
c. most workers in the U.S. are already union members
d. more workers, both union and nonunion, are willing to cross picket lines
e. many high-profile strikes (e.g., Caterpillar) have succeeded in winning job security
D
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Which of the following is a positive statement?
A. Because many adults cannot afford to go to college, tax credits for tuition should be introduced. B. When a country imports more than it exports, its balance of trade is negative. C. The price of drugs in the United States is too high. D. It only makes sense to offer financial aid for students who cannot pay some of their tuition. E.The President of the United States ought to be elected by a direct vote of the American people rather than the Electoral College
Assume that the marginal propensity to consume out of disposable income is 0.8 and that the government taxes all income at a constant rate of 30%. If the gross income increases by $100, consumption will initially increase by
A) $44 B) $56 C) $70 D) $80 E) $100