Author Question: If a professional association restricts membership and firms cannot employ nonassociation workers, ... (Read 93 times)

wrbasek0 · **on:** Jun 30, 2018

If a professional association restricts membership and firms cannot employ nonassociation workers, the equilibrium wage will increase.
a. True
b. False

Question 2

A nation's consumption possibilities frontier is
a. always the same as its production possibilities frontier
b. never the same as its production possibilities frontier
c. the same as its production possibilities frontier only if there is advantageous trade
d. the same as its production possibilities frontier only if there is no international trade
e. usually lower than its production possibilities frontier