When there is a labor union, the labor supply curve is
a. a horizontal line at the desired wage
b. positively sloped
c. negatively sloped
d. a vertical line at the desired level of employment
e. backward bending
A
Economics
You might also like to view...
The value of every monetary transaction in the economy would be included in
a. GDP. b. potential GDP. c. personal income. d. national income. e. None of the above.
Economics
Economic theories:
A. are useless because they are not based on laboratory experimentation. B. that are true for individual economic units are never true for the economy as a whole. C. are generalizations based on a careful observation of facts. D. are abstractions and therefore of no application to real situations.
Economics