A union that succeeds in raising the wage rate
a. will typically induce more workers into the industry
b. will typically not create unemployment
c. will typically open union membership to all who wish to join
d. is typically in collusion with the firm
e. is typically required to share a portion of its gain with nonunion members
B
You might also like to view...
The above figure shows the U.S. market for wheat. With international trade, consumer surplus is equal to ________
A) area A + area B + area C B) area E + area F C) area B + area C + area D D) area A + area B + area C + area D E) area A
A foreign exchange intervention that does not alter the domestic monetary base is:
A. impossible. B. sterilized. C. likely to change domestic interest rates. D. unsterilized.
If steak is a normal good and its price rises:
A) the amount purchased may either increase or decrease depending on the relative importance of the income and substitution effects. B) both the income and substitution effects suggest that less will be purchased. C) the substitution effect suggests more will be purchased, but the income effect suggests less will be purchased. D) the income effect suggests more will be purchased, but the substitution effect suggests less will be purchased.
Which of the following are characteristics of public goods?
A. Nonexclusionary B. Nonrivalry and nonexclusionary C. Nonrivalry D. Nonchivalrous