On the supply side of the labor market, the union's success is limited by how much
A) nonunion labor is available in the same market.
B) employment union members will accept.
C) capital the firm utilizes.
D) all of the above
A
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What is search activity and how does it influence consumer surplus when a rent ceiling creates a housing shortage?
What will be an ideal response?
Damian shares a small food truck with his sister. His share of the expenses is $500 per month. He has decided to get his own, newer food truck which he will not have to share with anyone. His expenses for the newer truck are $1,400 per month
Damian is as rational as any other person. As an economics major, you rightly conclude that A) Damian figures that the additional benefit of having his own truck (as opposed to sharing) is at least $900. B) Damian cannot afford the newer truck and will have to go back to sharing a truck with his sister. C) Damian figures that the additional benefit of having his own truck (as opposed to sharing) is at least $1,400. D) the cost of having one's own truck outweighs the benefits.
The sale of Treasury securities by the Federal Reserve will, in general
A) not change the quantity of reserves held by banks. B) decrease the quantity of reserves held by banks. C) increase the quantity of reserves held by banks. D) not change the money supply.
Bankers have an advantage in developing a relationship with their business borrowers because
A) banks provide a menu of services which allows them to learn about a company. B) banks have access to higher quality credit reports. C) banks are better at getting owners to pledge collateral than are other lenders. D) loans to small businesses are usually less than 5 years thus allowing encouraging borrowers to return more frequently for evaluation.