In general, the larger the membership of a union the:
A. less power it has to keep wages above equilibrium.
B. more likely the distribution of power within the organization will make it less effective.
C. greater the chance that it abuses its power.
D. more power it has to keep wages above equilibrium.
Answer: D
You might also like to view...
The short run is a period of time in which
A) the quantity of at least one factor of production is fixed. B) the amount of output is fixed. C) prices and wages are fixed. D) nothing the firm does can be altered.
In economics, the demand for money is basically a demand for
A) bonds. B) status. C) liquidity. D) investment.
Table 14.3In Table 14.3, Market 3 would be in equilibrium if buyers believed lemons account for:
A. 45% of the market. B. 50% of the market. C. 55% of the market. D. 60% of the market.
If a firm makes an economic profit, it is making at least a normal rate of return.
Answer the following statement true (T) or false (F)