Of the several ways that the United Auto Workers can increase the wages of its members,
a. none can also increase employment
b. only direct negotiation of a wage above the competitive level can also increase employment
c. only restricting the supply of labor can also increase employment
d. only increasing the demand for labor can also increase employment
e. only binding arbitration can also increase employment
D
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Suppose the extra cost to a pet store of advertising one additional day each week in the local newspaper is $450
Then, the pet store should advertize that one additional day each week if doing so brings in additional revenue of $450 or more each week. Indicate whether the statement is true or false
Which of the following contributed to the collapse of the Bretton Woods system?
a. chronic U.S. trade surpluses b. fixed exchange rates c. an insufficient gold supply d. West Germany's allowing the dollar to float against the mark e. West Germany's not wanting the dollar to appreciate