Which of the following union tactics, if successful, would increase wages and create a surplus of labor?
a. collective bargaining to fix the wage above the competitive level
b. decreasing the marginal revenue product of the union workers
c. increasing the demand for union-made products
d. restricting the supply of nonunion products that compete with union-made products
e. increasing labor productivity by minimizing conflicts and resolving differences between labor and management
Question 2
It is possible for one country to have a comparative advantage in the production of all products.
a. True
b. False
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