Economics is the study of the logic of
a. rational decisions.
b. decision-making activities.
c. ends and means.
d. choosing options from those available.
e. All of the above are correct.
e
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There is evidence that the presence of unions in a labor market:
A. can push wages up for non-union wage earners in the same market. B. can keep wages low for non-union wage earners in the same market. C. has no effect on the wages of non-union wage earners in the same market. D. has an identical effect on the wages of union and non-union wage earners in the same market.
Walmart has an impact on workers, even in states where they have few stores, because
A. they buy American only. B. they rarely buy from firms in states in which they have stores. C. their web-stores are dominant. D. their pricing policies compel firms to outsource production to low-cost foreign locations.