Suppose that florists and landscape workers are not unionized. If florists unionize, then the wages of
a. florists will rise, and the wages of landscape workers will fall.
b. florists will fall, and the wages of landscape workers will rise.
c. both florists and landscape workers will rise.
d. both florists and landscape workers will fall.
a
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Refer to the table above. If imports falls to $45,000 in the next year, ________, all other variables remaining unchanged
A) gross domestic product will fall by $5,000 B) gross domestic product will fall by $ 10,000 C) gross domestic product will increase by $5,000 D) gross domestic product will increase by $ 10,000
A drop in velocity means that at any nominal GDP there is a desire to hold a ________ proportion of assets in money form, thus ________ shift in the LM curve
A) larger, a downward B) larger, an upward C) smaller, a downward D) smaller, an upward
The act of firms working together to make decisions about price and quantity is called:
A. collusion. B. price discrimination. C. bulk ordering. D. artificial competition.
When a tax is imposed on sellers, producer surplus decreases but consumer surplus increases
a. True b. False Indicate whether the statement is true or false