What is being depicted in this graph showing the union sector?
a. By restricting membership, a union can limit supply and raise wages.
b. When a union lowers quantity from Q 1 to Q 2 , wages also move lower.
c. By keeping salaries below S 1 , the union restricts the number of workers.
d. Collective bargaining improves union wages, quality, and salaries.
a. By restricting membership, a union can limit supply and raise wages.
You might also like to view...
When expansionary monetary policy pushes interest rates to artificially low levels,
a. the demand for and prices of interest-sensitive goods, like housing, will increase. b. people will delay their purchases of interest-sensitive goods, like housing, into the future. c. the demand for interest-sensitive goods, like housing, will increase, but their prices will decline. d. the demand for and prices of interest-sensitive goods, like housing, will decline.
In the open-economy macroeconomic model, if a country's interest rate rises, then its
a. net capital outflow and net exports rise. b. net capital outflow rises and its net exports fall. c. net capital outflow falls and its net exports rise. d. net capital outflow and net exports fall.
The return on bonds rises relative to other assets, in the bond market this will result in:
A. an increase in bond prices. B. the price of bonds falling and the yields increasing. C. a rightward shift in the bond supply curve. D. a shift to the left of the bond demand curve.
Refer to the data. What level of total utility does the rational consumer realize in equilibrium?
Answer the question on the basis of the following total utility data for products L and M. Assume that the prices of L and M are $3 and $4 respectively and that the consumer's income is $18.
A. 87 utils.
B. 104 utils.
C. 51 utils.
D. 58 utils.