What are the optimal wage and employment level from the perspective of a union in Figure 31.1?
A. $8; 10 workers.
B. $4; 13 workers.
C. $5; 16 workers.
D. $11; 32 workers.
Answer: A
You might also like to view...
A decrease in population growth will lead to a ________ in the steady-state capital—labor ratio and a ________ in output per worker
A) fall; fall B) fall; rise C) rise; rise D) rise; fall
In comparing the returns on U.S. and German Treasury securities, investors
A) should forecast the future dollar/euro exchange rate. B) may disregard the future dollar/euro exchange rate. C) should assume the future dollar/euro exchange rate is the same as today's. D) should assume the euro will depreciate if the German interest rate is above the U.S. interest rate.
In the short run, the perfectly competitive market supply curve
a. is indeterminate b. shows the total quantities of resources used by all firms in that market, given the market price of resources c. is the same as the individual supply curve of the dominant firm d. shows the sum of the quantities of output supplied by all firms in the market at each price e. is irrelevant to potential entrants
Which of the following would tend to increase the quantity of innovative activities?
A. A decline in the rate of return on investment in research and development. B. Dispersing innovative activity away from clusters, where ideas often stagnate. C. A change in government policy that makes patents more difficult to obtain. D. An increase in the rate of immigration of scientists and engineers.