The most powerful tool unions have at their disposal when bargaining with management is

In a fiduciary monetary system, the value of the money issued by a government is based on

A) the ability to convert it to some asset of value, like silver. B) the gold held in that government's vaults. C) public confidence in that currency's acceptability and predictability of value. D) its being made out of some material with a market value equal to a bill's face value.

Which of the following is a flaw in Malthus' population theory?

A. His belief that growth in real GDP cannot exceed population growth real GDP despite technological advancements. B. His belief that any increase in income would boost population growth failed to take into account the fact that higher incomes increase this opportunity cost and therefore reduces the number of children people want. C. Rising incomes makes it more affordable for families to have more children and to educate their children so that they become productive members of society. D. He failed to take into account that over time, as countries develop, the agricultural shrinks, reducing the need for people to have large families to help out in the family farm.