A labor union is a group of
a. employees who join together to improve their working conditions
b. firms that join together to hire workers
c. firms that work together to negotiate better prices in the market
d. farmers who work together to receive better prices for their agricultural products
e. workers and firm owners who join together to improve working conditions
Question 2
The statistical discrepancy
a. is always positive
b. is always negative
c. must be reduced to zero and eliminated from the balance of payments before the records become official
d. is a residual factor that indicates the net error in the balance of payments data
e. is a record of all transactions between residents of two countries over a specified period
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