Author Question: Restricting the supply of labor in order to increase the wage a. is a tactic used by both craft and ... (Read 28 times)

waynest · **on:** Jun 30, 2018

Restricting the supply of labor in order to increase the wage
a. is a tactic used by both craft and industrial unions
b. is a tactic more likely to be used by the American Medical Association (AMA) than the United Auto Workers (UAW)
c. is a tactic more likely to be used by the UAW than the AMA
d. is a tactic used solely by professional groups such as lawyers
e. has less effect on the wage than direct negotiation does

Question 2

Differences in tastes among nations
a. make gains from trade possible even in the absence of differences in resource endowments
b. make gains from trade possible only when there are differences in resource endowments
c. negate any potential gains from trade
d. are caused by differences in resource endowments
e. occur only among countries whose people are of different religions