A craft union is a union
a. organized on the basis of the workers' industry
b. organized on the basis of workers' skills
c. organized by an employer
d. whose primary goal is to oppose technological advance and to protect the traditional method of working
e. organized by workers in the arts and craft industries
B
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Suppose you form a legal partnership with your best friend, and she purchases consulting services calling for a $100,000 fee. Your business is broke, and you never wanted the consultants to work for you -- only your partner did. For how much of this debt are you legally liable?
a. none of it b. all of the $100,000 c. the proportion reflected by the proportion of the business owned d. only an amount equal to the assets of the business e. $50,000
If price elasticity of supply is less than 1
A) supply is elastic. B) demand is elastic. C) demand is inelastic. D) supply is inelastic.