Author Question: A car dealership union negotiates a contract that dramatically increases all salesmen salaries. If ... (Read 83 times)

clippers! · **on:** Jul 1, 2018

A car dealership union negotiates a contract that dramatically increases all salesmen salaries. If one of the salesman is thinking of changing careers to be a hardware salesman, his opportunity cost
a. would not be affected
b. would increase if he continued to be a car salesman
c. of becoming a hardware salesman would increase
d. none of the above

Question 2

Holding other things constant, if the Japanese Yen, appreciates, it makes the imports to Japan
a. More expensive for Japanese customer
b. Less expensive for Japanese customers
c. Neither more or less expensive for importers
d. None of the above