Multiple Choice
When a union raises the wage above the equilibrium level,it
A) reduces both the quantity of labor supplied and the quantity of labor demanded.
B) reduces the quantity of labor supplied and raises the quantity of labor demanded.
C) raises the quantity of labor supplied and reduces the quantity of labor demanded.
D) raises both the quantity of labor supplied and the quantity of labor demanded.
Correct Answer:
Verified
Correct Answer:
Verified
Q32: If a union raises the wage in
Q33: Which of the following is correct?<br>A)In unionized
Q34: Which of the following is not correct?<br>A)When
Q35: Consider two labor markets in which jobs
Q36: Economists have found that union workers earn
Q38: Labor unions<br>A)raise wages in unionized industries.<br>B)create labor
Q39: Which of the following is not correct?<br>A)A
Q40: Unions<br>A)do not affect the natural rate of
Q41: If unions were formed in more industries,the
Q42: If outsiders had more say in union