A union wants to increase its members' wages without reducing employment. Which of the following strategies might achieve that goal?
a. setting a high minimum wage rate for its members
b. increasing the number of members in the union
c. pushing employers not to allow featherbedding of workers
d. training its members to work more productively
d
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Export promotion is the policy in which industrial production is oriented towards
A. domestic consumers. B. foreign consumers. C. foreign producers. D. both A and B.
Define the term Nash equilibrium. In general, what can be claimed about the existence, uniqueness, and Pareto optimality of Nash equilibria? Support your answers with appropriate examples.
What will be an ideal response?
?Monopoly power can last only if there are legal barriers to entry for other firms.
Answer the following statement true (T) or false (F)
In 1973, the U.S. experienced a decline in output and high inflation
a. True b. False Indicate whether the statement is true or false