A union can induce a rise in equilibrium wages in a unionized industry by
A) not striking.
B) successfully increasing the demand for union labor.
C) successfully decreasing the demand for union labor.
D) reducing the marginal revenue product of firms employing union labor.
B
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If the marginal propensity to consume is 0.6, the marginal propensity to save is
A) 0.4. B) 0.6. C) 1. D) 1.5.
In time series data, it is useful to think of a randomized controlled experiment
A) consisting of the same subject being given different treatments at different points in time B) consisting of different subjects being given the same treatment at the same point in time C) as being non-existent (this is a time series after all, and there are no real "parallel universes" D) consisting of the at least two subjects being given different treatments at the same point in time