It may be that unions increase worker productivity by
a. minimizing conflicts, resolving differences, and reducing job turnover
b. using seniority rules to keep the most experienced workers employed
c. increasing job turnover so that the least experienced workers quit
d. allowing workers to goof off, which improves morale
e. increasing the number of workers required to perform each task
A
You might also like to view...
Refer to Figure 9.2. A movement from point d to point c could be caused by a(n)
A) increase in government spending. B) increase in the price of oil. C) increase in taxes. D) increase in short-run aggregate supply.
What did Adam Smith identify as the source of the invisible hand in 1776?
A) a benevolent central government that decided was best for everyone B) an individual's concern for fellow humans C) an individual's own self-interest D) the stock market E) buyers' and suppliers' concerns to obtain and retain good reputations
Which of the following best describes real GDP?
A) Real GDP = Potential GDP - Nominal GDP B) Real GDP = Potential GDP + Deviation from potential GDP C) Real GDP = Deviation from potential GDP / Potential GDP D) Real GDP = Nominal GDP / Potential GDP
Marginal cost
a. Is the additional cost incurred by producing and selling one more unit b. Is the total cost incurred by producing and selling one more unit c. Is the additional fixed cost incurred by producing and selling one more unit d. None of the above