Author Question: Of the several ways that the United Auto Workers can increase the wages of its members, a. none can ... (Read 69 times)

ec501234 · **on:** Jun 30, 2018

Of the several ways that the United Auto Workers can increase the wages of its members,
a. none can also increase employment
b. only direct negotiation of a wage above the competitive level can also increase employment
c. only restricting the supply of labor can also increase employment
d. only increasing the demand for labor can also increase employment
e. only binding arbitration can also increase employment

Question 2

If there are no trade restrictions, a country will import a particular good if
a. domestic quantity supplied equals domestic quantity demanded at the world price
b. there is excess domestic quantity demanded at the world price
c. world quantity supplied is less than world quantity demanded
d. world quantity supplied is greater than world quantity demanded
e. domestic quantity supplied is greater than domestic quantity demanded at the world price