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Author Question: The largest portion of discretionary spending is devoted to A) foreign aid. B) national defense. ... (Read 36 times)

vicky

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on: Jun 29, 2018
The largest portion of discretionary spending is devoted to
 
  A) foreign aid.
  B) national defense.
  C) paying federal employees.
  D) the space program.

Question 2

Explain how labor unions may create structural unemployment.
 
  What will be an ideal response?


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Edwyer

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

Labor unions, with their collective bargaining power, try to get wages for their members which are above the market clearing wage rate. These higher wages often result in employers hiring fewer workers than they otherwise could afford to hire or would like to hire, and structural unemployment results.


vicky

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

Dinolord

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Reply 3 on: Yesterday
Gracias!

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