AFL-CIO stands for:

A. American Federation of Labor-Congress of Industrial Organizations.
B. American Federation of Labor-Committee for Industrial Opportunity.
C. Assembly of Factory Laborers-Congress of Industrial Organizations.
D. Assembly of Factory Laborers-Committee for Industrial Opportunity.

Answer: A

Economics

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Market structure is defined as the:

a. number of firms in each industry. b. similarity of the product sold. c. ease of entry into and exit from the market. d. all of these.

Economics

Refer to the given data. The domestic opportunity cost of producing 1 ton of steel in Omega is:



A.  ½ ton of wheat.
B.  2 tons of wheat.
C.  3 tons of wheat.
D.  5 tons of wheat.

Economics