Featherbedding allows unions to increase wages by:
A. limiting the supply of labor.
B. increasing firms' demand for labor.
C. forcing firms to accept higher-than-equilibrium wages.
D. reducing labor share of payroll taxes.
Answer: B
You might also like to view...
Player 1 and Player 2 are playing a game in which Player 1 has the first move at A in the decision tree shown below. Once Player 1 has chosen either Up or Down, Player 2, who can see what Player 1 has chosen, must choose Up or Down at B or C. Both players know the payoffs at the end of each branch. 
What is the equilibrium outcome of this game?
A. Player 1 chooses Down and Player 2 chooses Up. B. Player 1 and Player 2 both choose Down. C. Player 1 chooses Up and Player 2 chooses Down. D. Player 1 and Player 2 both choose Up.
A defining feature of new growth theory is that it involves economic models of growth which account for
A) political changes. B) capital flight. C) technological progress. D) population increases.
Refer to the scenario above. If the opportunity cost of time increases to $80 per hour, which of the following statements is true?
A) Maria should choose to drive as it saves her $10. B) Maria should choose to drive as it saves her $150. C) Maria should choose to travel by train as it saves her $10. D) Maria should choose to travel by train as it saves her $150.
Suppose that a country has $120 billion of national saving, and $80 billion of domestic investment. Is this possible? Where did the other $40 billion of national savings go?