Unions tend to:
a. shift labor from the union sector to the non-union sector of the economy.
b. shift labor from the non-union sector to the union sector of the economy.
c. decrease wages in the union sector
d. increase wages in the non-union sector.
a
Economics
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A person who organizes and assumes the risks of a business venture is called a(n)
a. capitalist. b. manager. c. labor leader. d. entrepreneur.
Economics
The housing market of the early to mid-2000s did not feature:
a. "teaser rates" on home mortgages. b. a dramatic rise in housing prices. c. widespread calls to end "predatory" lending practices. d. "subprime" mortgages.
Economics
Figure 10-2
Figure 10-2 shows demand and short-run cost curves for a perfectly competitive firm. At its profit-maximizing level of output, the firm's short-run TC is represented by area
a.
ADFO.
b.
BGHC.
c.
BGIO.
d.
ADGIO.
Economics
If the firm were a perfect competitor in the long run, what price would it charge?
Economics