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Author Question: If the United Mine Workers successfully negotiates a wage that is higher than the competitive wage, ... (Read 118 times)

dollx

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on: Jun 30, 2018
If the United Mine Workers successfully negotiates a wage that is higher than the competitive wage,
 a. an excess demand for labor is created
  b. a surplus of labor is created
  c. the demand for labor increases
  d. the supply of labor decreases
  e. the quantity of labor demanded increases

Question 2

Which of the following is not true of the terms of trade?
 a. They are determined by supply and demand factors.
  b. They lie somewhere between the opportunity costs of the trading partners.
  c. GATT begins negotiations on the terms of trade.
  d. They depend on negotiations between trade partners.
  e. They often favor one partner more than the other.


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jaaaaaaa

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

C


dollx

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Reply #2 on: Jun 30, 2018
Thank you


jaaaaaaa

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Reply #3 on: Jun 30, 2018
No problemo


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