How can unions decrease productivity?
What will be an ideal response?
Unions might decrease productivity by “make-work” rules and bureaucratic maneuvering. A second means of reducing efficiency is through strikes when they occur. Finally, the higher union wages may displace some workers who would have been employed in the unionized industry at a competitive wage rate. To the extent that they are now employed in a lower-wage, nonunion sector, they are being misallocated, and underpaid according to what society would demand in a competitive environment. The unionized workers are being overpaid and under producing in comparison to the competitive solution.
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Use to following graph. 
Suppose Asarta Inc. is polluting yucko and they have been tasked with cleaning up some of their waste. If they are cleaning up Q tons of yucko then they are cleaning:
A. too little. B. too much. C. just the right amount. D. the allocatively efficient amount.
The above table gives data on two variables. If these data were graphed, the slope of the line would be
A) 1. B) -2. C) 2. D) -4.
Economics examines the options open to households and business firms, but ignores the options of governments and entire societies
a. True b. False Indicate whether the statement is true or false
A form of implicit collusion where one firm in an oligopoly announces a price change which is matched by other firms in the same industry is
A) "follow the leader" pricing. B) price leadership. C) retaliation pricing. D) "tit-for-tat" pricing.