Craft unions typically attempt to increase wages by
a. setting a wage floor
b. reducing labor supply
c. increasing labor demand
d. reducing initiation fees
e. expanding new union memberships
B
You might also like to view...
If a country fixes its exchange rate below the equilibrium value,
a. the result is an excess supply of that currency b. there will be downward pressure on the exchange rate c. its GDP will increase d. its GDP will decrease e. it will have to sell its own currency in order to eliminate the excess demand
Think of the speculative motive for holding money: As the interest rate decreases from 10 percent to 5 percent, the quantity of money people will hold
a. decreases by some quantity, but not necessarily by 50 percent b. increases by some quantity, but not necessarily doubles c. remains unchanged d. doubles e. falls by 50 percent
The difference between a business plan and a budget is:
a. A budget is a one-to-three year planning document, but a business plan is a 10-to-20 year planning document. b. Really, there is no difference c. A budget is a long-term planning document, and a business plan is a very short-term planning document. d. A business plan is a three-to-five year planning document, and a budget is generally a one-to-three year planning document. e. None of the above
Which of the following is not a determinant of supply?
What will be an ideal response?