Economics 3-8-14

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1.
1 point
A type of unemployment that occurs when a worker is replaced by a machine is
2.
1 point
A type of unemployment found in the United States when a worker is between jobs is
3.
1 point
In order to arrive at the total cost for each level of output, you must
4.
1 point
A business that sells shares of stock in order to obtain capital to expand is
5.
1 point
Which of the following may be considered weaknesses of a partnership?
6.
1 point
The event that triggered the Great Depression was
7.
1 point
An example of total revenue would be:
8.
1 point
A business that wishes to maximize its profit will continue to increase production to the highest level of output where
9.
1 point
Which of the following may be a tool used by a union to force management to accept their contract?
10.
1 point
The four types of labor found in the United States are:
11.
1 point
Collective bargaining occurs when
12.
1 point
When the price of a product remains the same, no matter how many are produced and sold, marginal revenue is
13.
1 point
A court order issued by a judge requiring workers to stop striking is called a(n)
14.
1 point
A company produces 15 widgets each day for a total cost of $150. Average total cost is calculated by
15.
1 point
The Knights of Labor attempted to bring together
16.
1 point
The tools management would use to force a union to accept their contract would be
17.
1 point
When the air traffic controllers could not resolve their contract with management, the issue was solved by
18.
1 point
To determine if a business is making a profit the business must subtract
19.
1 point
A type of business where one of the major strengths is the owner gets all the profit is a
20.
1 point
In a union shop, employees are required to
21.
1 point
The four phases of a business cycle are:
22.
1 point
When collective bargaining does not resolve the issues and a third party is called in to mediate and their solution must be accepted. it is called
23.
1 point
An example of marginal revenue would be:
24.
1 point
The local drugstore pays $1000 per month in rent. This is a(n)
25.
1 point
A lawn care specialist who is out of work may be experiencing what type of unemployment