Which of the following union tactics, if successful, would ...

[Pineappleeh]

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

[britb2u]

Answer to Question 1

A

Answer to Question 2

B