Labor unions may attempt to raise wage rates by
A. forcing employers, under the threat of a strike, to pay above-equilibrium wage rates.
B. increasing the price of complementary resources.
C. increasing the supply of labor.
D. decreasing the demand for labor.
Answer: A
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a. is also called an English auction b. is where bidders submit increasing bids until all but one remains c. is where the sole remaining bidder wins and pays his winning bid d. all of the above
Welfare recipients as a percentage of the US population after the welfare reforms in 1994?
a. True b. False
Graphically, a kinked demand curve is
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