Author Question: When industrial unions negotiate with an entire industry, wage gains come at the cost of a. longer ... (Read 70 times)

tichca · **on:** Jun 30, 2018

When industrial unions negotiate with an entire industry, wage gains come at the cost of
a. longer working hours
b. worse working conditions
c. reduced total employment
d. worse products
e. longer hours

Question 2

Mutually beneficial trade will occur between two countries for all of the following reasons except one. Which is the exception?
a. The opportunity costs of producing two goods differs between the two trading partners.
b. One country is more productive than the other.
c. One country is more efficient than the other.
d. One country has an absolute advantage over the other.
e. Each country has a comparative advantage in producing some good.