Refer to the diagram. An industrial (inclusive) union could increase employment in this labor market:
A. by negotiating any wage rate between W 1 and W 4 .
B. by negotiating a wage rate greater than W 4 .
C. only if it accepted a wage rate below W 1 .
D. only if it could shift the labor demand curve rightward.
A. by negotiating any wage rate between W 1 and W 4 .
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Politicians always agree with economists about the most efficient way of doing things.
Answer the following statement true (T) or false (F)
The countries that have made the least use of securities markets are ________ and ________; in these two countries finance from financial intermediaries has been almost ten times greater than that from securities markets
A) Germany; Japan B) Germany; Great Britain C) Great Britain; Canada D) Canada; Japan
According to new growth theory, per capita growth is:
A. limited by learning by doing. B. limited by diminishing marginal productivity. C. unlimited if production is characterized by increasing returns to scale. D. unlimited if production is characterized by constant marginal productivity.
To isolate the impact of one single factor, economists invoke the assumption of
A. Ockham's razor. B. post hoc, ergo propter hoc. C. inductive reasoning. D. ceteris paribus.