In a famous series of commercials, the International Ladies’ Garment Workers Union (ILGWU) urged buyers to “look for the union label” and to avoid buying clothes not made by ILGWU members. Through the commercials, the ILGWU tried to attain its goals by

A. restricting the number of ILGWU members.
B. featherbedding.
C. raising the marginal revenue products of ILGWU members.
D. creating lower prices for goods made by ILGWU members.


Answer: C

Economics

You might also like to view...

Assume a factory that currently employs 25 workers and owns a factory with 10,000 square feet of floor space is considering doubling the size of its factory. Economists would classify this as:

A) a short-run decision. B) a long-run decision. C) neither a short-run nor a long-run decision. D) both a short-run and a long-run decision.

Economics

We can describe who bears the burden of a tax by using the concept of:

A. marginal burden. B. incidence. C. payee. D. marginal tax rate.

Economics

Business cycles can be described as

a. fluctuations around a long-term growth trend. b. changes in economic activity due to natural causes. c. increases in the level of business activity over an extended period of time. d. changes in business activity due to wars.

Economics

A value-added tax is a tax on consumption and not on personal income

a. True b. False Indicate whether the statement is true or false

Economics