Labor unions:
a. increase employment in the non-union sector.
b. decrease employment in the union sector
c. decrease non-union wages.
d. do all of the above.
d
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Refer to Table 2-4. Which of the following statements is true?
A) George has an absolute advantage in both tasks. B) Jack has an absolute advantage in both tasks. C) Jack has an absolute advantage in lawn mowing and George in garden cultivating. D) Jack has an absolute advantage in garden cultivating and George in lawn mowing.
An outward shift of the money demand function indicates an increase in the market rate of interest and hence a decrease in the level of investment in the economy
a. True b. False Indicate whether the statement is true or false
A decrease in the demand for money results in an increase in the interest rate
a. True b. False Indicate whether the statement is true or false
A monopolist who is maximizing profits produces to the point at which
A. price is greater than marginal cost. B. price, marginal cost and average variable cost are equal. C. price is greater than average total cost. D. marginal cost and average total cost are equal.