This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If the United Auto Workers successfully negotiates a wage that is higher than the competitive wage, ... (Read 115 times)

sdfghj

  • Hero Member
  • *****
  • Posts: 552
on: Jun 30, 2018
If the United Auto Workers successfully negotiates a wage that is higher than the competitive wage,
 a. there is no excess supply of labor because everyone who wants to work at the union wage can get a job
  b. there is no excess demand for labor because everyone who wants to work at the union wage can get a job
  c. the union must ration the available jobs
  d. all workers are better off
  e. more workers are employed than at the competitive wage

Question 2

The rate at which two countries trade one good for another
 a. is known as the foreign exchange rate
  b. is known as the terms of trade
  c. is known as the export line
  d. equals the slope of the import line
  e. equals the common slope of the countries' production possibilities frontiers


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

wfdfwc23

  • Sr. Member
  • ****
  • Posts: 338
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

B


sdfghj

  • Member
  • Posts: 552
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

sarah_brady415

  • Member
  • Posts: 328
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

This fisherwoman from Kerry, one of the poorest counties in Ireland, may have been one of the many t This fisherwoman from Kerry, one of the poorest counties in Ireland, may have been one of the many t
Living arrangements of older adults in the United States vary widely depending on gender and ... Living arrangements of older adults in the United States vary widely depending on gender and ...
Continental United States Hurricane Strikes from 1950-2011 Continental United States Hurricane Strikes from 1950-2011
Incidence of acute hepatitis B in the United States, 1980–2008. Incidence of acute hepatitis B in the United States, 1980–2008.
Lineweaver–Burk plots of the reactions with and without a competitive inhibitor Lineweaver–Burk plots of the reactions with and without a competitive inhibitor
The level of emissions from transport in the United States is twice as high as the global average The level of emissions from transport in the United States is twice as high as the global average
Video: Simple and Double Sugar

For a complete list of videos, visit our video library