Which of the Following Statements About a Giffen Good Is

question 29

Multiple Choice

Which of the following statements about a Giffen good is FALSE?

• A) It is very rare.
• B) Its demand curve slopes upward.
• C) The consumer buys a lot of an inferior good, and consumption of the good is very responsive to changes in income.
• D) The substitution effect dominates the income effect.

Grasp the significance and implications of specific NLRB rules, such as the provision of the Excelsior list.

Understand the various methods through which unions can be recognized, including card check agreements.

Describe the standard criteria used by the NLRB in determining the appropriateness of bargaining units.

Analyze the reasons behind the decline in the use of recognition strikes by unions.