The introduction of a union into an industry
a. raises wages and employment in that industry.
b. lowers wages and employment in that industry.
c. lowers wages and raises employment in that industry.
d. raises wages and lowers employment in that industry.
d
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Total income in a country in 2012 is $780 billion. Total expenditure in the country
A) cannot be determined. B) is greater than $780 billion. C) is $780 billion. D) is less than $780 billion. E) is either less than or equal to $780 billion.
Which of the following would likely cause the dollar to depreciate?
a) Rising interest rates in the United States. b) An increase in United State citizens' preference for foreign goods. c) Income growth of the United States lagging behind that of other countries. d) Lower inflation in the United States.