If the United Mine Workers successfully negotiates a wage that is higher than the competitive wage,
a. an excess demand for labor is created
b. a surplus of labor is created
c. the demand for labor increases
d. the supply of labor decreases
e. the quantity of labor demanded increases
B
You might also like to view...
Markets
A) facilitate trade. B) allow traders to enjoy gains from trade. C) coordinate price information between buyers and sellers. D) All of the above answers are correct.
If the price is $60 per unit, what is the break even amount of units for technology A?
a. 50 b. 100 c. 150 d. None-They would have to shut down
Larger countries tend to be more globalized, because their large internal markets allow them to export a wide range of products
a. True b. False Indicate whether the statement is true or false
The market value of all final goods and services produced by Canadians regardless of where they're located is
a. Canadian personal income b. Canadian national income c. Canadian capital income d. Canadian gross national product e. Canadian gross domestic product