Because the process can increase average wages, collective bargaining increases the well-being of all workers.
a. true
b. false
Ans: b. false
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Unemployed workers in Bosnia could receive up to 30 weeks of unemployment insurance. However, during a recent recession, the government extended the eligibility period to 45 weeks
How is this change in policy likely to affect the labor market in Bosnia?
A likely consequence of deposit insurance, ceteris paribus, is ________
A) an increase in risk-taking by banks B) a bank panic C) a credit boom D) a reduction in the severity of adverse selection
With a flexible exchange rate system, to gain credibility with investors or savers, a nation will often:
A) adopt a nominal anchor to keep currency growth in line with a measurable indicator, such as exchange rates or inflation rates. B) limit the power of the central bank by having elected officials set monetary targets. C) give more power to the prime minister to stop inflation and lower unemployment. D) temporarily adopt a gold standard.
When a domestic country exports goods to and imports goods from a foreign country, in the short run domestic:
A) producers in the exporting industry may be better off. B) consumers of the imported good may be worse off. C) consumers of the exported good may be better off. D) producers in the importing industry are better off.