Missing Questions

Which characteristic of immigration can cause a general decrease in wages?

• Increases the supply of labor

• Affects the gross domestic product

• Leads to government regulation of unions

• Reduces overall consumption

How do unions help workers get better wages?

• The collective bargaining power of unions puts workers on a more equal level with employers.

• Unions provide workers with the educational opportunities needed to get the best-paying jobs.

• Work slowdowns sponsored by unions help employers cut production costs and increase sales.

• The high level of union dues pushes workers into demanding better wages so they can afford their dues.

Which is intended to demonstrate to an employer the importance of cooperating with workers?

• stock offer.

• boost in production.

• work slowdown.

• collective agreement.

What is an example of a protectionist policy?

• limiting the number of foreign cars that can be sold in the United States

• going into debt to buy a large number of vehicles for the military

• decreasing the interest rates on loans charged to car companies

• deploying troops to help citizens cope with a natural disaster

Which housing decision provides a person with both housing and an investment?

• subletting a condominium

• renting an apartment

• selling a share in a cooperative

• buying a single-family home

Which commodity has the most inelastic supply?

• housing

• labor

• food

• transportation

The selling price of houses is most likely to increase after a drop in which area?

• population of the city or town

• government regulation

• the construction of new homes

• mortgage interest rates

What is most likely to result from a rapid increase in the population of a city or town?

• low housing prices

• higher-paying jobs

Which is measured by a calculation of the amount of goods and services the average person can afford to buy?

• Standard of living

• Inflation rate

• National income

• Unemployment

Which is most likely to create new markets?

• Fiscal policy

• Competition

• Protectionism

• Free trade