In general, the larger the membership of a union the:
A. more power it has to keep wages above equilibrium.
B. less power it has to keep wages above equilibrium.
C. more likely the distribution of power within the organization will make it less effective.
D. greater the chance that it abuses its power.
A. more power it has to keep wages above equilibrium.
You might also like to view...
The three welfare goals: adequate income, work incentives, and minimize costs are irreconcilable
Indicate whether the statement is true or false
If you were to start your own business, your implicit costs would include the:
A. opportunity cost of the time you spend working at the business. B. interest that you pay on your business loans. C. profit you earn over and above your normal profit. D. rent that you have paid in advance for the use of a building.
Refer to Figure 12.7. If Fred's profit in the top rectangle were 1,300 instead of 500, then the path of the game would be:
A. Fred chooses a small quantity and Barney enters. B. Fred chooses a large quantity and Barney enters. C. Fred chooses a small quantity and Barney stays out. D. Fred chooses a large quantity and Barney stays out.
If the demand curve is vertical a rightward shift of the supply curve will lead to
A) an increase in quantity supplied. B) an increase in quantity demanded. C) a decrease in quantity demanded. D) a decrease in price.