The most significant factor enabling unions to negotiate increased wages for its members is likely:
a. that unions increase the demand for labor
b. that unions decrease the supply of labor in the union sector.
c. that unions increase the marginal product of labor.
d. that unions increase the supply of labor in the union sector.
b
Economics
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In the above figure, at the efficient quantity of CDs
A) total consumer surplus is zero. B) total producer surplus is zero. C) the sum of consumer surplus and producer surplus is maximized. D) Both answers A and B are correct.
Economics
Explain what economists mean by full employment and why this rate of unemployment is not zero
What will be an ideal response?
Economics