Multiple Choice
Other things being equal, a labor union will find it harder to obtain a wage increase for its members the
A) less elastic is the demand for the product labor produces.
B) easier it is to substitute other resources for labor.
C) greater the amount of unionization in the industry.
D) less elastic is the demand for labor.
Correct Answer:
Verified
Correct Answer:
Verified
Q31: The marginal revenue product of labor and
Q126: Other things being the same, if the
Q127: Which of the following statements is true?
Q128: If technology dictates that labor and capital
Q129: Assume that a restaurant is hiring labor
Q129: The marginal product of labor and the
Q132: Which of the following statements is most
Q133: A competitive employer will hire inputs up
Q134: When economists say that the demand for
Q135: Marginal resource cost is<br>A) the increase in