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

C

Economics

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An increase in exports of goods or services with no change in imports of goods or services

A) decreases GDP. B) increases GDP. C) may increase or decrease GDP depending on whether it is the export of goods or the export of services that increased. D) has no effect on GDP.

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Cost curves in the long run differ from cost curves in the short run

a. True b. False Indicate whether the statement is true or false

Economics