Union leaders who focus on increasing the size of their union will generally accept a wage just above the competitive level.
Answer the following statement true (T) or false (F)
True
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Wages that are higher than the current market wage:
A) reduce the cost of production of various goods. B) lower the aggregate price index. C) dissuade workers from shirking. D) lower the productivity of workers.
Two factors that have contributed to an increase in income inequality are
A) outsourcing of jobs and tax increases. B) economic growth and low inflation. C) technological change and globalization. D) low interest rates and a strong U.S. dollar.
Refer to Figure 4-1. If the market price is $2.50, what is the maximum number of ice cream cones that Kendra will buy?
A) 1 B) 2 C) 3 D) 4
A person whose house has declined in value as a result of a nearby factory's fumes is a third party to the market associated with the factory
Indicate whether the statement is true or false