Multiple Choice
When a union successfully raises the wages of its members, it will also
A) increase total productivity, which must rise in proportion to the wage rate.
B) encourage employers to find a substitute for the union labor.
C) raise the wages of nonunion workers.
D) increase the share of income allocated to labor as opposed to capital.
Correct Answer:

Verified
Correct Answer:
Verified
Q4: Suppose wheat farmers are price takers. If
Q5: Union membership as a share of the
Q6: Which of the following will tend to
Q7: When a firm in a price-taker industry
Q8: When we say that a firm is
Q10: If a competitive price-taker firm is currently
Q11: Karlos sells his product for $40 each
Q12: In price-taker markets, individual firms have no
Q13: If a price-taker firm selling in a
Q14: If the ice cream industry is a