Sometimes unions can raise wages above what productivity increases would permit. When this happens, we can be sure that
A) the employment of union workers is increasing.
B) some union workers end up losing their jobs.
C) there is a redistribution of income from union workers to nonunion workers.
D) featherbedding will occur.
B
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The total rate of return on an international asset is the:
a. spot rate plus the forward rate. b. rate of return on the asset plus or minus the expected capital gain or loss on currency changes. c. rate of return on the asset minus commissions. d. rate of return plus inflation minus taxes.
The long run refers to a time period
A) long enough for a firm to pay all of its creditors in full. B) long enough for a firm to change the use of its variable inputs. C) long enough for a firm to vary all of its inputs, to adopt new technology, and change the size of its physical plant. D) during which a firm is able to purchase all of its inputs, including its plant and equipment.