When unions raise wages in one part of the economy, the supply of labor increases in other parts of the economy, which reduces wages in industries that are not unionized
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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Per capita gross national income (GNI) increases when
A. GNI does not change and the population increases. B. GNI increases and the population does not change. C. GNI and the population decrease at the same rate. D. GNI and the population increase at the same rate.
Economics
Which government policy raises the interest rate and raises investment spending?
Economics
From the information in the above table, what is the marginal utility of the third quart of ice cream?
A) 80 B) 70 C) 60 D) 230
Economics
Refer to Figure 5-1. The market equilibrium price is
A) $60. B) $50. C) $40. D) < $40.
Economics