Evidence in support of the hypothesis that unions increase the productivity of union workers is
A) the fact that union wages are greater than nonunion wages.
B) there is an excess supply of labor at the union wage rate.
C) that unionized firms face lower turnover rates than nonunion firms do.
D) that most contracts are settled without a strike.
C
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Explain how the "euro crisis" could potentially affect the following:
1.Exports from the United States 2. Supply chains of U.S. manufacturers. 3. U.S. banks
In the neoclassical growth model, an increase in the saving rate will
a. increase the long-run equilibrium rate of growth in output. b. reduce the long-run equilibrium rate of growth in output. c. leave the long-run equilibrium rate of growth in output unchanged. d. affect the long-run equilibrium rate of growth in output but the direction of the effect is uncertain.