The firm would have a better bargaining position in the negotiations if
a. It can hire the non union "scabs" at a better wage
b. The union has younger workers who cannot afford to be off work
c. The union has a strike fund to pay workers during work stoppage actions
d. Only A&B
d
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Under a tradable pollution permits system (cap and trade), government _____________ the amount of pollution, ___________________ what the price to pollute will be.
A. knows; and polluters immediately know B. doesn't know; and polluters don't immediately know C. knows; but polluters don't immediately know D. doesn't know; but polluters immediately know
To improve your own bargaining position
a. decrease the value of your outside options b. increase the value of your outside options c. do not alter the value of your outside options d. increase the value of your opponent's outside options
If the interest rate is positive, the present value of $10 to be received in the future is
A. less than $10. B. equal to $10. C. more than $10. D. Any of the above is possible, depending on the interest rate and when the payment is to be received.
Assuming price elasticity of demand is reported as an absolute value, a price elasticity of demand of 1.2 indicates an:
A. inelastic demand, meaning the percentage change in quantity demanded will be less than the percentage change in price. B. elastic demand, meaning the percentage change in quantity demanded will be less than the percentage change in price. C. inelastic demand, meaning the percentage change in quantity demanded will be greater than the percentage change in price. D. elastic demand, meaning the percentage change in quantity demanded will be greater than the percentage change in price.