Unions have the power to
a. set all working rules.
b. increase the firm's total taxes.
c. push wages above competitive levels at times.
d. make a firm nationalized.
c
You might also like to view...
Unlike a competitive buyer,
A) a monopsonist faces an upward-sloping industry supply curve. B) a monopsonist pays a different price for each unit purchased. C) a monopsonist sets marginal value equal to marginal expenditure. D) a monopsonist pays a price that depends on the number of units purchased.
If a profit-maximizing manager is provided a forecast regression with a R2 equal to 1.00, this allows the manager to produce where ________ marginal revenue is ________ the marginal cost.
A) actual; equal to B) expected; greater than C) expected; equal to D) actual; greater than
Suppose that at the prevailing yen-dollar exchange rate there is an excess demand for dollars. To stabilize exchange rates, the United States might
A. Reduce government spending. B. Pursue contractionary monetary policy. C. Raise interest rates. D. Lower taxes.
What do economists mean by "reverse engineering"?
A. A modification of old technology B. Taking a product apart in order to copy its design C. A decision to adopt an old technology rather than a new one D. Modification of existing machines so that they can be run by handicapped persons