Author Question: If an industrial union is able to negotiate a wage above the market-clearing wage, the non-union ... (Read 143 times)

genevieve1028 · **on:** Jun 30, 2018

If an industrial union is able to negotiate a wage above the market-clearing wage, the non-union wage in other industries will
a. increase
b. decrease
c. increase, if the union can restrict the supply of labor
d. increase, if the union can increase the supply of labor
e. decrease due to the strike-breaking activity of the firm

Question 2

A country should export only those goods for which, relative to its trading partners, it has the
a. absolute advantage
b. highest opportunity cost
c. lowest production possibilities
d. strongest demand
e. lowest opportunity cost