If a union raises the wage in its industry above equilibrium then employment in that industry
a. and non-unionized industries falls.
b. falls and employment in non-unionized industries rises.
c. rises and falls in non-unionized industries.
d. and non-unionized industries rises.
b
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If the price of inputs falls and the budget deficit rises due to an increase in government spending, then the:
a. Price index rises, and the change in real GDP is uncertain. b. Price index falls, and real GDP rises. c. Price index is uncertain, and real GDP rises. d. Price index falls, and real GDP falls. e. Price index falls and the change in real GDP is uncertain.
Other things equal, the likelihood that a country will experience a relatively-high level of income is greater if the country
a. pursues inward-oriented policies. b. has natural seaports. c. minimizes the role of the courts in its economy. d. enacts policies to encourage consumption and discourage saving.
Firm A has a higher marginal cost than firm B. They compete in a homogeneous product Bertrand duopoly. Which of the following results will NOT occur?
A. QA < QB B. Revenue of firm A < Revenue of firm B C. ProfitA < ProfitB D. PriceA < PriceB
Calculate the price of a $1,000 face value bond that offers a $45 annual coupon, and has six years to maturity, when the interest rate is 6.0% (0.060).
What will be an ideal response?