Which of the following best describes the effects of unions in the United States today?
A) The average union worker works more hours but earns a lower annual income than the average nonunion worker.
B) The average union worker works fewer hours but earns a higher annual income than the average nonunion worker.
C) The average union worker works more hours and earns a higher annual income than the average nonunion worker.
D) The average union worker works fewer hours and earns a lower annual income than the average nonunion worker.
D
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How does a contractionary monetary policy affect the labor demand curve in an economy?
What will be an ideal response?
If American demand for purchases of Mexican goods has increased, how would you expect the equilibrium exchange rate in the market for dollars to respond? Support your answer graphically
What will be an ideal response?
Porter states that a company can gain ______ advantage if their home customers are demanding and knowledgeable.
Fill in the blank(s) with the appropriate word(s).
If the price elasticity of supply is inelastic, which of the following could be a possible value of the elasticity?
A. 3 B. 1 C. 0.3 D. -0.3