The effects of unionization on wages in the sectors of the economy that are unionized causes the supply of labor in other sectors of the economy to
a. decrease, raising wages in industries that are not unionized.
b. decrease, reducing wages in industries that are not unionized.
c. increase, raising wages in industries that are not unionized.
d. increase, reducing wages in industries that are not unionized.
d
Economics
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The income of the middle person in an income distribution is called the
A) mean income. B) average income. C) median income. D) per capita income.
Economics
In markets, people's decisions are coordinated by
A) specialization according to absolute advantage. B) changes in property rights. C) learning-by-doing. D) adjustments in prices.
Economics