The success of a strike depends on the union's ability to
a. do all of the following
b. reduce the supply of labor to the firm
c. reduce the supply of scabs to the firm
d. remain unified
e. endure the strike
Question 2
For each watch Denmark produces, it gives up the opportunity to make 50 pounds of cheese. Germany can produce one watch for every 100 pounds of cheese it produces. Which of the following is true concerning production possibilities curves in both countries?
a. The slopes of the countries' production possibilities frontiers cannot be determined unless the number of workers in each country is known.
b. The countries' production possibilities frontiers have the usual bowed-out shape.
c. On a graph with cheese on the vertical axis, the slope of Germany's production possibilities frontier is everywhere equal to 1/100.
d. On a graph with cheese on the vertical axis, the slope of Germany's production possibilities frontier is steeper than Denmark's.
e. On a graph with cheese on the vertical axis, the slope of Germany's production possibilities frontier is everywhere equal to negative 1/100.
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