Suppose that garbage collectors and landscaping workers have no unions. Now suppose that garbage collectors form unions. What does this do to the labor supply and wages of landscaping workers?
a. Both labor supply and wages increase.
b. Labor supply increases, and wages decrease.
c. Labor supply decreases, and wages increase.
d. Both labor supply and wages increase.
b
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A two-part tariff refers to a pricing schedule under which a buyer must pay a fixed fee for the right to purchase the product, in addition to a per-unit price
Indicate whether the statement is true or false
In the Keynesian model when desired investment exceeds desired saving,
A) inventories rise. B) inventories fall. C) the price level rises. D) the price level falls.
Intellectual property refers to the ________ creations of ________ intelligence.
A) intangible; technical B) tangible; technical C) intangible; human D) tangible; human
Which of the following causes a leftward shift in the short-run aggregate supply curve? a. An increase of goods prices while nominal incomes are unchanged
b. An increase in nominal incomes (wages and salaries). c. An increase of full-employment real GDP. d. An increase of personal consumption expenditures while the price level is unchanged. e. An increase of personal consumption expenditures while full-employment real GDP is unchanged.