Compared to a competitive labor market, workers participating in an inclusive union will enjoy
A. higher wages and fewer workers employed.
B. lower pay and more workers employed.
C. higher wages and more workers employed.
D. similar outcomes with respect to pay and employment.
Answer: A
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When will an increase in aggregate demand not result in lower unemployment rates in the short run?
What will be an ideal response?
It is customary to express changes in the exchange rates of two currencies over time, as:
a. the loss of purchasing power of one currency divided by the loss of purchasing power of the other currency. b. the percentage change expressed as an appreciation or depreciation of one against the other. c. a ratio of the absolute values (without signs). d. a ratio of the price of gold in each nation.
If the cross price elasticity of demand between two goods is? negative, then the two goods are
A) substitutes.
B) complements.
C) unrelated.
D) independent.
A production possibilities frontier with constant opportunity cost is considered:
A) convex. B) concave. C) a straight line. D) horizontal.