Multiple Choice
If there is a decrease in the demand for union electrical workers and at the same time there is a drastic cutback in the numbers of electricians trained by the union, then the
A) wages of electricians are likely to increase and the quantity employed will decrease.
B) wages of electricians are likely to increase and the quantity employed will increase.
C) quantity employed will increase, but the effect on wages is indeterminate.
D) quantity employed will decrease, but the effect on wages is indeterminate.
Correct Answer:

Verified
Correct Answer:
Verified
Q19: Efficiency wages are established at below-equilibrium levels.
Q72: The monopsonist in a nonunionized labor market
Q94: Professions that require their practitioners to pass
Q100: In the United States, the rate of
Q101: If the minimum wage is set too
Q102: Which would be an example of a
Q103: (Consider This) The main idea highlighted in
Q106: The American Medical Association, a physicians' union,
Q107: Critics of the minimum wage argue that
Q110: Craft unions tend to do all of