Author Question: If featherbedding raises the price of output produced by the union workers, it a. increases ... (Read 60 times)

rl · **on:** Jun 30, 2018

If featherbedding raises the price of output produced by the union workers, it
a. increases employment at the firm and in the industry
b. decreases employment at the firm and in the industry
c. increases employment at the firm but may decrease it in the industry
d. decreases employment at the firm and increases it in the industry
e. increases employment at the firm but reduces the number of firms so that there is no net effect on industry employment

Question 2

As a result of a tariff on imports, consumers in the importing country
a. purchase more domestically produced goods and fewer foreign goods, resulting in the consumption of fewer total goods than without the tariff
b. purchase more domestically produced goods and fewer foreign goods, resulting in the consumption of more total goods than without the tariff
c. purchase more domestically produced goods and more foreign goods, resulting in the consumption of fewer total goods than without the tariff
d. purchase fewer domestically produced goods and fewer foreign goods, resulting in the consumption of more total goods than without the tariff
e. cease importing any goods at all