Collective bargaining between unions and employers often lead:
A) to wages that are lower than what workers would have received at equilibrium.
B) to reduction in the unemployment rate.
C) to wages that are higher than what workers would have received at equilibrium.
D) to wages equal to what workers would have received at equilibrium.
C
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Everything else equal, if the dollar appreciates against the Chinese yuan:
A) China will stop trading with the U.S. B) China will export more to the U.S. and will import less from the U.S. C) the Chinese government will sell yuan in the foreign exchange market. D) China will import more from the U.S. and will export less to the U.S.
Why does the PPF bow outward and what does that imply about the relationship between opportunity cost and the quantity produced?
What will be an ideal response?