Which of the following might be a goal of a union?
a. increasing the size of the union
b. increasing the income while holding the size of the union constant
c. increasing both the size and income of the union
d. all of the above
d
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When firms in a U.S. industry outsource some of their production,
A) both U.S. labor demand and U.S. wages in the industry fall B) U.S. labor demand falls, but U.S. wages are not affected. C) U.S. labor demand remains unchanged, but U.S. wages fall. D) U.S. labor demand falls, but U.S. wages increase.
A consulting firm estimates the following quarterly sales forecasting model:Qt = a + bt +cDThe equation is estimated using quarterly data from 2005 I - 2015 III (t = 1,..., 43). The variable D is a dummy variable for the second quarter where: D = 1 in the second quarter, and 0 otherwise. The results of the estimation are:
Give the above, at the 1 percent level of significance, is there a statistically significant trend in sales?
A. No, since 1.02 < 2.704 B. Yes, since 1.86 > 0.55 C. Yes, since 3.38 > 2.704 D. No, since 1.86 < 2.704 E. No, since 0.55 < 1.86