Author Question: If an industrial union would strike if it does not receive a particular wage rate, then the supply ... (Read 91 times)

mpobi80

  • Hero Member
  • *****
  • Posts: 519
If an industrial union would strike if it does not receive a particular wage rate, then the supply curve of labor in this market
 a. is horizontal at that particular wage rate until it intersects the original supply of labor curve
  b. is vertical at that particular wage rate until it intersects the original supply of labor curve
  c. shifts to the left
  d. disappears
  e. slopes downward

Question 2

The opportunity cost of producing one car in Germany is 2,000 bushels of wheat, and the opportunity cost of producing one car in Canada is 1,200 bushels of wheat. The two countries can realize mutual gains from trade if they agree on terms of trade that are
 a. greater than 2,000 bushels of wheat per car
  b. less than 1,200 bushels of wheat per car
  c. greater than 1,200 bushels of wheat per car and less than 2,000 bushels of wheat per car, and Germany produces wheat
  d. greater than 1,200 bushels of wheat per car and less than 2,000 bushels of wheat per car, and Germany produces cars
  e. greater than 1,200 bushels of wheat per car and less than 2,000 bushels of wheat per car, and each country produces both goods



zhanghao

  • Sr. Member
  • ****
  • Posts: 316
Answer to Question 1

A

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

For a complete list of videos, visit our video library