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

Author Question: If the United Mine Workers successfully negotiates a wage that is higher than the competitive wage, ... (Read 108 times)

dollx

  • Hero Member
  • *****
  • Posts: 558
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jaaaaaaa

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

C


dollx

  • Hero Member
  • *****
  • Posts: 558
Reply #2 on: Jun 30, 2018
Thank you


jaaaaaaa

  • Sr. Member
  • ****
  • Posts: 341
Reply #3 on: Jun 30, 2018
No problemo


« previous next »
 

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

In the past year, about one in five adults in the United States reported symptoms of anxiety ... In the past year, about one in five adults in the United States reported symptoms of anxiety ...
Potency and efficacy: (a) Drug A has a higher potency than drug B. (b) Drug A has a higher efficacy ... Potency and efficacy: (a) Drug A has a higher potency than drug B. (b) Drug A has a higher efficacy ...
Globalization Within the United States Globalization Within the United States
Decomposition of Productivity Gap Between India and the United States Decomposition of Productivity Gap Between India and the United States
United States Health Care System: Combining Business, Health, and Delivery United States Health Care System: Combining Business, Health, and Delivery
What's the Difference Between England, Great Britain, and United Kingdom? What's the Difference Between England, Great Britain, and United Kingdom?
Video: Leukemia

For a complete list of videos, visit our video library