Multiple Choice
If,beginning from a competitive labor market,some workers form a union and negotiate a higher rate for themselves,which of the following is likely to happen?
A) Competition will force the wage rate in the non-union sector to increase to the level of the union wage.
B) The marginal product of labor curve will increase in the unionized sector.
C) Employment will move from the union to the non-union sector over time.
D) Employment will increase in the union sector because workers will be attracted by the higher union wage.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: Based on the table below,how many workers
Q3: Which of the following will not result
Q4: When labor is a firm's only variable
Q5: The marginal resource cost of input is
Q6: The labor supply curve will shift to
Q7: A decrease in the productivity of labor
Q8: Not all similarly skilled workers are included
Q9: A decrease in the interest rate will:<br>A)
Q10: The substitution effect of a wage increase:<br>A)
Q105: Which of the following most clearly illustrates