Deregulation has contributed to
A) an increase in union membership.
B) declines in union membership.
C) higher wages in unions.
D) an increase in union power.
Answer: B
Economics
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Suppose there is currently a shortage in the guitar market. Pick the correct statement
A) Quantity demanded exceeds quantity supplied. B) Sellers could sell all they plan to sell at the current price. C) The price of guitars would tend to increase. D) All of the above are true. E) None of the above is true.
Economics
Continuing from the question above, an additional 10 people join the group who have expected medical spending of $5,000 per person on average. The new premium will be approximately
a. $1,500 b. $2,200 c. $2,500 d. $4,500
Economics