A union evaluates job offers based on the

A. Impact on the wage rate for all union members.
B. Location of the work, either in the private or public sector.
C. Individual interests of its members.
D. Collective interests of its members.

Answer: D

Economics

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Goods differ on the basis of whether their consumption is rival and excludable. Explain the terms "rivalry" and "excludability" as they are used to define goods

List the four categories of goods, and define these categories in terms of rivalry and excludability.

Economics

Which of the following statements about a firm's short-run variable costs is correct?

A. They are always a greater expense than are fixed costs. B. They include the costs of plant and equipment. C. They increase as the level of output decreases. D. They typically include the cost of workers' wages.

Economics