If featherbedding raises the price of output produced by the union workers, it
a. increases employment at the firm and in the industry
b. decreases employment at the firm and in the industry
c. increases employment at the firm but may decrease it in the industry
d. decreases employment at the firm and increases it in the industry
e. increases employment at the firm but reduces the number of firms so that there is no net effect on industry employment
C
You might also like to view...
America's antitrust laws are used to protect competition against possible encroachment by monopoly. This is an example of government as
a. regulator of businesses. b. buyer of goods and services. c. tax collector. d. redistributor.
The change in output due to one unit change in labor usage, the level of usage of other inputs remaining unchanged, is called:
a. the average product of labor. b. the total product of labor. c. the marginal revenue product. d. the marginal product of labor.
Decreases in the price level will
What will be an ideal response?
An open market sale of government securities by the Federal Reserve shifts the _________ reserves curve _________.
Fill in the blank(s) with the appropriate word(s).