Author Question: If an electricians' union is successful in its attempts to restrict entry into that craft, it will ... (Read 35 times)

leilurhhh · **on:** Jun 30, 2018

If an electricians' union is successful in its attempts to restrict entry into that craft, it will shift
a. the supply curve of electricians to the right
b. the supply curve of electricians to the left
c. the demand curve for electricians to the right
d. the demand curve for electricians to the left
e. both the supply and demand curves for electricians

Question 2

One reason for international specialization in production is
a. differing national tastes
b. diseconomies of scale in production
c. a high world price for a good
d. resources are plentiful in all nations
e. people have limited wants for domestically produced goods and services