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Economics

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Larissa Thompson

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4y ago
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Cards in this guide (14)
What is collective bargaining

a process in which union and company representatives meet to negotiate a new labor contract

What happens in collective bargaining?

representatives of unions and companies negotiate new labor contracts

Which president signed the Medicare bill into law on July 30 1965

Lyndon B. Johnson

Who provided most charity services to the public in ancient times

churches

Which of these is centered on aggregate demand

Fiscal policy is centered on aggregate demand.

What is the term for the decentralized market where currencies are traded

F e m

Which government agency sets wage standards

Department of Labor

What happened to social programs in America after World War 2

Programs continued to increase,even though the economy was stronger

How is the Medicaid program controlled

jointly by the federal and state government

Which statement regarding the management of government social programs is not true

Some are managed by private individuals.

Which of these is a social insurance program that pays cash benefits to the aged

social security

According to the law of diminishing returns what will happen if you overuse a factor of production

It will not be as efficient as before. A+

Which amendment to the U.S constitution contains the due process and equal protection clauses

14th

To what does the term domestic goods refer

goods manufactured outside of the home nation

Which of these was the first union with characteristics as we know them today

American Federation of Labor A+

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