Today _________ countries generate average income levels that approach the earnings of free Americans on the eve of the revolution
a. no
b. relatively few
c. many
d. most
b. relatively few
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Fears of an impending civil war in Baltonia have reduced the confidence of potential investors. Assuming all else equal, which of the following is likely to happen in this case?
A) The consumption expenditure in Baltonia will rise. B) The equilibrium real wage in Baltonia will rise. C) The supply of labor in Baltonia will fall. D) The demand for labor in Baltonia will fall.
Which of the following is an example of featherbedding?
a. a craft union's restricting entry into its profession b. a union-imposed wage floor c. an increase in labor productivity that results from a decrease in quit rates d. attempts to reduce the sale of nonunion goods e. a construction workers union's requiring an unnecessarily large number of workers to do a particular job