If the United Auto Workers union can obtain a substantial wage increase for auto workers, there will be a(n):
a. decrease in the supply of automobiles, which is a shift to the right of the supply curve.
b. decrease in the supply of automobiles, which is a shift to the left of the supply curve.
c. increase in the supply of automobiles, which is a shift to the right of the supply curve.
d. increase in the supply of automobiles, which is a shift to the left of the supply curve.
b
You might also like to view...
What does the Law of Diminishing Marginal Product state?
What will be an ideal response?
Examples of comparative advantage often begin with two countries that each produce the same two goods
Each country is then shown to have a comparative advantage in producing the good it can produce at a lower opportunity cost, and specializes in the production of the good for which it has a comparative advantage. How do these examples prove that both nations are made better off as a result of trade than they would be without trade?
Describe China's reform path, including the forces that started China's reform efforts and how they continued through the 1980s and early 1990s
What will be an ideal response?
A country that made its courts less corrupt and its government more stable would likely see its standard of living rise
a. True b. False Indicate whether the statement is true or false