The primary purpose of labor unions is to

A) ensure that workers receive adequate safety training.
B) negotiate with employers about wages and working conditions.
C) endorse candidates and donate money to them.
D) ensure that all members earn identical incomes.


B

Economics

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When a price control pushes the price of a good or resource below the market equilibrium, then

What will be an ideal response?

Economics

Exhibit 7-13 Price and cost per unit curves ? In Exhibit 7-13, if the price is P3, total economic profit is maximized or economic loss minimized at the output:

A. Q1. B. Q2. C. Q3. D. Q4.

Economics

Sidney Featherstone of TIP Inc. is the owner and CEO of the company. He has made the company successful through his decision making over the years. This year he decided to retire and move to Costa Rica. He does not intend to change any aspects of decision making, rewards, or performance evaluation in TIP Inc. What is likely to happen to TIP? Why?

What will be an ideal response?

Economics

Refer to the data provided in Table 16.3 below to answer the following question(s).Table 16.3 shows the situation facing two firms, both of which are polluting. Assume that each firm emits 5 units of pollution.Table 16.3Firm AFirm AFirm AFirm BFirm BFirm BReduction of Pollution by Firm AMC of reducing pollution for Firm ATC of reducing pollution for Firm AReduction of Pollution by Firm BMC of reducing pollution for Firm BTC of reducing pollution for Firm B1$8 $81$16$16212202  24  40318383  32  72426644  401125361005  48160Refer to Table 16.3. Suppose the government wants to reduce the total amount of pollution from the current level of 10 to 4. To do this, the government caps each firm's emissions at 2 units and issues 2 permits to each firm. If firms are allowed to trade

permits, how many permits will be traded between the two firms? A. A will buy one permit from B. B. B will buy one permit from A. C. A will buy two permits from B. D. B will buy two permits from A.

Economics