This topic contains a solution. Click here to go to the answer

Author Question: The presence of union wages leads to A) a fall in the real wage rate as more people are hired. ... (Read 99 times)

asd123

  • Hero Member
  • *****
  • Posts: 557
The presence of union wages leads to
 
  A) a fall in the real wage rate as more people are hired.
  B) less job search as more workers are hired.
  C) job rationing because the real wage exceeds the equilibrium real wage.
  D) a fall in the real wage rate as fewer people are hired.
  E) lower unemployment because workers do not want to lose the high union wage they are being paid.

Question 2

If the U.S. capital and financial account balance has a 30 million surplus and there was no change in official reserves during that year, we know that
 
  A) the United States has a 30 million current account deficit.
  B) U.S. official reserves have increased by 30 million.
  C) the United States is a net lender.
  D) U.S. net foreign lending must equal 30 million.
  E) the United States has a 30 million current account surplus.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Bsand8

  • Sr. Member
  • ****
  • Posts: 327
Answer to Question 1

C

Answer to Question 2

A




asd123

  • Member
  • Posts: 557
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


lkanara2

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Excellent

 

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

For a complete list of videos, visit our video library