A union can influence the equilibrium wage rate by:
a. All of the answers are correct.
b. lobbying for legislation to reduce immigration.
c. collective bargaining.
d. featherbedding.
a
You might also like to view...
Which of the following will NOT cause the public debt to change?
A) collection by the government of $200 billion more in taxes than it spends B) government budget deficit C) government budget surplus D) balanced budget
A balanced budget is present when
a. the economy is at full employment. b. the actual level of aggregate spending equals the planned level of spending. c. public sector spending equals private sector spending. d. government revenues equal government expenditures.
A competitive market creates strong pressure for technological innovation that
A. Provides the firm with more market power. B. Shifts the firm's demand curve to the right. C. Shifts the supply curve to the right. D. Allows the firm to raise the price of its product.
Refer to Scenario 3.3 below to answer the question(s) that follow.SCENARIO 3.3: -Mustard and mayonnaise are substitutes. -Mustard and relish are complements. -Mustard is a normal good. -During the summer, about 50% of all mustard was recalled by manufacturers and removed from store shelves.Refer to Scenario 3.3. The mustard recall would have caused
A. an increase in the demand for relish. B. a decrease in the demand for relish. C. a decrease in the quantity demanded of relish. D. an increase in the quantity demanded of relish.