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Author Question: Nominal gross domestic product (GDP) is a better measure of growth in production than real GDP. a. ... (Read 40 times)

mynx

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on: Jun 30, 2018
Nominal gross domestic product (GDP) is a better measure of growth in production than real GDP.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Describe the two basic strategies of unions in increasing wage rates for their members.


zoeyesther

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Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

Increasing demand or decreasing supply of workers would increase the wages for members of a union. Featherbedding, licensing requirements, long apprenticeships are among some of the tactics to accomplish this.


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