A labor union that consists of workers from a particular industry is a(n)
A) closed shop.
B) industrial union.
C) union shop.
D) bilateral monopoly.
Answer: B
Economics
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Refer to Figure 5-7. Which of the following statements is true?
A) The optimal quantity of pollution reduction is QB. B) The optimal quantity of pollution reduction is QE. C) At QE the benefits of reducing pollution outweigh the cost of pollution reduction. D) At QB society is under allocating resources to pollution reduction.
Economics
Which of the following problems are created by an information asymmetry
a. Moral hazard b. Adverse selection c. Both of the above d. None of the above
Economics