Author Question: Suppose a labor market has perfectly inelastic supply that is composed of union and non-union ... (Read 103 times)

TVarnum

  • Hero Member
  • *****
  • Posts: 548
Suppose a labor market has perfectly inelastic supply that is composed of union and non-union workers, and there is wage discrimination in the union and nonunion sectors.
 
  If the union shifts its policy from maximizing total economic rents to maximizing total wages earned by members, what happens to the equilibrium employment level and wage for non-union workers? A) Both increase.
  B) Employment increases and wage declines.
  C) Wage increases and employment declines.
  D) Both decline.

Question 2

Which of the following is NOT an example of a common property resource?
 
  A) Water in underground aquifers
  B) Public highways in large cities
  C) Fish stocks in open waters
  D) Outdoor concerts



essyface1

  • Sr. Member
  • ****
  • Posts: 347
Answer to Question 1

C

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

For a complete list of videos, visit our video library