Which of the following would not shift demand curve for union labor to the right?
a. increased demand for union-made goods
b. increased labor productivity by lowering quit rates
c. increased supply of products that compete with union-made products
d. increased labor productivity through better labor-management relations
e. appeals to consumers to buy only union-made products
C
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The government of China has explicitly stated that the goal of its strict population control measures is to raise income per capita. What are the mechanisms at work in such a claimed relationship? Are there any counterarguments?
What will be an ideal response?
Which of the following values of the Lerner Index indicates the greatest amount of market power?
A) 0.313. B) 0.375. C) 0.6. D) 0.625.
The difference between slope and elasticity is that slope
a. is a ratio of two changes, and elasticity is a ratio of two percentage changes. b. is a ratio of two percentage changes, and elasticity is a ratio of two changes. c. measures changes in quantity demanded more accurately than elasticity. d. None of the above is correct; there is no difference between slope and elasticity.
More than one in four African-Americans lives in poverty.
Answer the following statement true (T) or false (F)