A union's success in raising the wage depends on
A) the elasticity of demand it faces.
B) members' ability to act collectively.
C) the share of the labor market that is unionized.
D) All of the above.
D
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A drought in California destroys many red grapes. As a result of the drought, the consumer surplus in the market for red grapes
a. increases, and the consumer surplus in the market for red wine increases. b. increases, and the consumer surplus in the market for red wine decreases. c. decreases, and the consumer surplus in the market for red wine increases. d. decreases, and the consumer surplus in the market for red wine decreases.
It is necessary for government officials to analyze cost data to determine what their country should specialize in producing
Indicate whether the statement is true or false
Which of the following is the appropriate order of policy responses?
A. Response design, recognition, impact, and implementation. B. Recognition, response design, implementation, and impact. C. Recognition, response design, impact, and implementation. D. Response design, implementation, recognition, and impact.
When an investor sells an asset for a profit, then that profit is called a capital gain.
Answer the following statement true (T) or false (F)